白银、黄金，垂直暴跌！

Core Viewpoint - The precious metals market has experienced significant volatility, with sharp price fluctuations observed in silver, platinum, palladium, and gold, raising concerns about potential market corrections and risks associated with speculative trading [9][10]. Group 1: Price Movements - COMEX silver initially surged over 7% but later turned to a slight increase [2] - Spot platinum dropped over 7% during trading but later narrowed its decline to 3.6% [3] - NYMEX platinum fell more than 9% before recovering to a decline of less than 5% [4] - NYMEX palladium initially rose about 5% but then plummeted, with a peak drop exceeding 6% [6] - Both gold futures and spot prices shifted from gains to losses [7] Group 2: Weekly Performance - Last Friday, the precious metals market saw a broad surge, with COMEX gold futures rising 1.31% to $4,562 per ounce, accumulating a weekly gain of 3.98% [9] - Spot gold increased by 1.12% to $4,531.1 per ounce, with a weekly rise of 4.44% [9] - COMEX silver futures skyrocketed by 11.15% to $79.68 per ounce, with a weekly increase of 18.06% [9] - Spot silver surged 10.24% to $79.196 per ounce, accumulating a weekly gain of 17.87% and a year-to-date increase of 175% [9] - Spot palladium rose 14.24% to $1,923.4 per ounce, with a weekly gain of 12.63% [9] - Spot platinum increased by 10.31% to $2,450.91 per ounce, accumulating a weekly rise of 24.31% [9] Group 3: Market Analysis and Predictions - Analysts warn that precious metal prices are at unsustainable levels, with a potential correction expected as enthusiasm for gold wanes, predicting silver prices may drop to around $42 per ounce by the end of next year [9] - The chief analyst at CITIC Futures noted that while long-term bullish factors exist, the rapid short-term price increases have been excessively traded, leading to heightened speculative sentiment and potential risks to market stability [9] - Market analyst Tony Sycamore described the silver market as experiencing a "generational bubble," driven by strong demand and supply imbalances, alongside expectations of multiple interest rate cuts by the Federal Reserve by 2026 [10] - To mitigate market risks, the Shanghai Futures Exchange issued notifications to encourage risk management and set trading margin requirements and price limits for the upcoming New Year period [10]