银比油贵时隔45年再现，现货白银日涨超10%，钯金涨超14%，为何贵金属还在暴涨，历史信号怎么看？

Group 1 - Precious metals are experiencing significant price surges, with silver reaching $79 per ounce, marking a year-to-date increase of over 173% [1][2] - The gold price is approaching its historical high of $4525 per ounce, while palladium has also seen a notable increase of 14.1% [1][2] - The phenomenon of "silver being more expensive than oil" has re-emerged after 45 years, indicating a significant shift in market dynamics [1][2] Group 2 - The current market behavior resembles a "bank run," driven by heightened investor anxiety and speculation, which is distorting normal supply and demand relationships [4][9] - Historical patterns suggest that financial crises tend to occur approximately every 30 years, often triggered by similar factors such as market manipulation and policy interventions [2][4] - The supply-demand mismatch in silver, with industrial demand growing while supply remains constrained, is creating a long-term support for silver prices [7][12] Group 3 - The expectation of a shift in monetary policy by the Federal Reserve, including potential interest rate cuts, is contributing to the attractiveness of precious metals as a hedge against currency devaluation [6][11] - The industrial demand for silver is expected to increase significantly, driven by advancements in AI and renewable energy sectors, while supply growth is projected to be minimal [7][12] - The current market dynamics are leading to a significant increase in physical silver purchases, as investors move away from paper contracts, resulting in a severe shortage of physical silver [9][11]