埃及降息100个基点，白银暴涨

Core Viewpoint - The recent trend of interest rate cuts by various central banks globally has led to a significant increase in silver prices, reaching historical highs. Group 1: Interest Rate Cuts - The Central Bank of Egypt has lowered its benchmark interest rate by 100 basis points to 20% for deposits and 21% for loans, marking the fifth cut in 2025 [1][2]. - The Bank of Russia has reduced its benchmark rate by 50 basis points to 16%, also the fifth consecutive cut, with future decisions dependent on domestic inflation trends [3]. - The Bank of England has cut its benchmark rate by 25 basis points to 3.75%, the fourth cut this year, amid concerns of zero economic growth by Q4 2025 [4]. - The Bank of Mexico has lowered its benchmark rate by 25 basis points to 7%, indicating a cautious approach to future cuts [4]. - The Central Bank of Chile has reduced its rate from 4.75% to 4.5%, reflecting a slowdown in inflation towards the target [4]. - The Federal Reserve has cut its benchmark rate by 25 basis points to a range of 3.5% to 3.75%, marking the third consecutive cut with a total reduction of 75 basis points [5]. Group 2: Silver Price Surge - Following the global trend of interest rate cuts, silver prices have surged, with significant increases reported [6]. - On December 26, international silver prices opened significantly higher, with London silver rising nearly 2% and COMEX silver up over 2%, both reaching intraday historical highs [7]. - The Shanghai silver night market saw a dramatic increase of 5.5%, surpassing 18,000 yuan per kilogram [9]. Group 3: Fund Adjustments - The Guotou UBS Silver Futures Securities Investment Fund (LOF) announced a reduction in the minimum investment amount for A-class shares from 500 yuan to 100 yuan, while suspending subscriptions for C-class shares [11]. - The fund's secondary market price was reported at 2.804 yuan, a 45% premium over the net asset value of 1.9278 yuan as of December 24 [11]. - Concurrently, international gold prices have also risen, with London gold exceeding 4,500 USD per ounce [11].