黄金、白银今日巨震！

Core Viewpoint - The recent surge in precious metals, particularly silver and gold, is attributed to geopolitical tensions, a weakening dollar, and low market liquidity, leading to significant price fluctuations and potential investment opportunities [6][7]. Group 1: Silver Market - On December 29, spot silver prices initially surged by 5.85% to exceed $83, but later experienced a sharp decline, trading at $80.33 per ounce by 11:58 AM [1]. - The silver price has increased approximately 180% this year, driven by heightened demand for safe-haven assets due to geopolitical risks and expectations of further interest rate cuts by the Federal Reserve in 2026 [7]. - Concerns over a supply shortage in the silver market are growing, with the market facing a structural deficit for five consecutive years, leading to rapidly depleting physical inventories [7]. Group 2: Gold Market - Concurrently, spot gold prices saw a decline, dipping below $4480 before recovering to $4516.17 per ounce by 11:58 AM [3]. - The gold market has also experienced significant price movements, with recent trends indicating a strong correlation with geopolitical tensions and market liquidity conditions [6]. Group 3: Market Dynamics - The precious metals market witnessed a broad rally on December 26, with COMEX silver futures soaring over 11% and spot silver rising more than 10%, alongside similar increases in palladium and platinum [5]. - UBS has noted that the short-term risks in precious metal trading have increased, particularly as gold prices reach new highs, which may lead to profit-taking by short-term investors [7]. - To mitigate market risks, the Shanghai Futures Exchange issued notifications on December 26 to encourage risk control and outlined trading margin requirements and price limits for the upcoming New Year period [7].