重拾涨势！贵金属集体创新高：白银突破74，铂金期货再涨停，黄金触及4530

Core Insights - The global precious metals market has rebounded sharply, driven by escalating geopolitical tensions and persistent supply mismatches in key spot markets, with silver and gold prices reaching historical highs [1][3][12]. Group 1: Silver Market - Spot silver recorded its fifth consecutive day of gains, currently priced at $74.37 per ounce, with a peak above $75 per ounce, marking a daily increase of over 4.5% [1]. - The silver market is experiencing severe physical squeeze, with the one-year silver swap rate minus U.S. rates dropping to -7.18%, indicating extreme tightness in the physical market [12]. - Concerns over potential tariffs or trade restrictions related to key mineral imports are exacerbating hoarding behavior among investors [12]. Group 2: Gold Market - Gold prices have steadily recovered, trading above $4,500 per ounce, currently at $4,502.46, with a peak above $4,530 per ounce, setting a new historical high [3]. - Geopolitical developments, including U.S. sanctions on Venezuela and military actions in Nigeria, have increased gold's appeal as a safe-haven asset [14]. - Strong inflows into gold ETFs continue, with global holdings increasing monthly, except for May, and the largest gold ETF, SPDR Gold Trust, seeing a year-to-date increase of over 20% in holdings [14]. Group 3: Platinum and Palladium Market - Both platinum and palladium rebounded sharply after a previous day of adjustment, with spot platinum rising over 5% [6][15]. - The rebound is supported by ongoing supply tightness and resilient demand from automotive catalysts, attracting buyers back into the market [15].