见证历史！凌晨，全线大涨！发生了什么？

Core Viewpoint - Precious metals, including gold, silver, platinum, and palladium, have experienced a significant surge, with gold, silver, and platinum reaching historical highs due to escalating geopolitical tensions, a weakening dollar, and low market liquidity [1][4][10]. Group 1: Market Performance - On December 26, precious metals saw a dramatic increase, with COMEX silver futures rising over 11% and spot silver increasing over 10% [1][7]. - COMEX gold futures rose by 1.31% to $4,562 per ounce, with a weekly increase of 3.98%, while spot gold increased by 1.12% to $4,531.1 per ounce, with a weekly rise of 4.44% [2][8]. - Spot silver surged by 10.24% to $79.196 per ounce, accumulating a 17.87% increase for the week and a staggering 175% increase for the year [2][8]. - Spot palladium and platinum also saw significant gains, with palladium rising 14.24% to $1,923.4 per ounce and platinum increasing 10.31% to $2,450.91 per ounce [2][8]. Group 2: Influencing Factors - Analysts attribute the rise in precious metals to geopolitical tensions, a weakening dollar, and low market liquidity, which amplify price volatility [4][11]. - Recent geopolitical events include the U.S. blocking sanctioned oil tankers from Venezuela and airstrikes in Nigeria and Yemen, contributing to increased demand for safe-haven assets like gold and silver [10][11]. Group 3: Market Dynamics - The silver market is experiencing heightened speculation, with significant inflows of speculative funds and a notable increase in trading volumes for silver ETFs, reaching levels not seen since the 2021 Reddit trading frenzy [5][11]. - There is a critical shortage of physical silver in the London market, indicated by the negative silver swap rates, which have reached -7.18%, suggesting a supply crunch [12][13]. - The disparity between silver swap rates and U.S. rates indicates a worsening situation in the London silver market, with signs of a potential squeeze as investors demand physical delivery of silver [12][13].