银价年末进入“70+” 正式摆脱配角身份

Group 1 - The core viewpoint is that silver is experiencing significant price increases, with a projected rise of nearly 150% by 2025, entering a price discovery phase [1] - Industrial demand for silver is exceptionally strong, particularly from the photovoltaic industry, which consumes over 200 million ounces annually, alongside demand from electric vehicles, high-efficiency semiconductors, 5G technology, and AI data centers [1] - There are no true substitutes for silver, and attempts to replace it in applications have failed or resulted in performance declines, indicating a sustained increase in demand while supply cannot keep pace [1] Group 2 - Major banks predict that silver prices will range between $56 and $65 by 2026, which is considered a conservative estimate [1] - Technical models suggest a more optimistic outlook, with potential price increases to $72 or even $88, especially if the gold-silver ratio significantly contracts [1] - The medium to long-term upward trend for silver remains intact, but significant deviation from the 50-day moving average and liquidity contraction may lead to short-term pullback risks [2]