刚刚！白银再暴涨

Core Viewpoint - The silver market is experiencing significant price increases driven by both industrial and investment demand, but analysts warn of potential risks and a structural supply deficit [1][4][6]. Group 1: Price Movements - On December 29, silver prices surged again, with spot silver rising over 5% and futures increasing by more than 7% [1]. - As of the latest report, London silver is up 3.27% and COMEX silver has risen by 5.84% [2]. - Last week, on December 26, precious metals saw a broad rally, with COMEX silver futures soaring over 11% and spot silver increasing by more than 10% [3]. Group 2: Supply and Demand Dynamics - The silver market has been in a structural deficit for five consecutive years, with physical inventories rapidly depleting [6]. - Current demand for silver is projected to reach 1.24 billion ounces by 2025, while supply is only expected to be 1.01 billion ounces, resulting in a supply gap of 100 million to 250 million ounces [6]. - The industrial demand for silver is approximately 60%, with significant applications in electronics, photovoltaics, and other sectors [5]. Group 3: Market Analysis and Risks - Analysts suggest that the recent surge in precious metal prices may not be sustainable, as they have reached levels difficult to justify by fundamentals [4]. - Concerns have been raised about the liquidity in the market, which could lead to rapid price corrections [4]. - The current market conditions are characterized by high speculative sentiment, which poses potential risks to stable market operations [4].