一日狂飙10%！白银今年暴涨超170%的背后：散户狂热正在把行情推向极端

Group 1: Market Performance - Both gold and silver reached historical highs this week, with silver approaching $80 per ounce, significantly outpacing gold's performance [1][3] - Silver prices surged over 10% in a single day, with spot silver reaching $79.3136 and March futures rising to $79.665, marking an 11.1% increase from the previous day [1][3] - Year-to-date, silver has increased over 170%, more than double gold's increase of over 70% during the same period [3][10] Group 2: Geopolitical and Economic Factors - The rise in silver prices is attributed to heightened geopolitical risks in regions such as the Middle East and Eastern Europe, alongside a weakening dollar and low market liquidity post-Christmas [1][3] - Supply constraints and increasing industrial demand, particularly from green industries like solar energy, are contributing to the tightening market for silver [7][10] Group 3: Retail and Investor Behavior - Retail investors are increasingly participating in the silver market through various means, including physical silver purchases, silver ETFs, and derivatives trading [7][8] - A notable increase in physical silver sales was reported, with one Canadian retailer experiencing a 150% year-over-year increase in silver sales [9] Group 4: Market Dynamics and Risks - The current market is characterized by extreme enthusiasm among retail investors, which has raised concerns about potential overheating [4][11] - The trading volume of options for the largest silver ETF, iShares Silver Trust, has surged, nearing levels seen during the 2021 retail trading frenzy [11] - Analysts warn that silver prices are prone to rapid increases followed by significant corrections, indicating a need for caution among investors [11][12]