Group 1 - The core point of the article highlights a significant drop in silver prices, marking an unprecedented decline in the global precious metals market, with COMEX silver futures plummeting 8.67% to $69.856 per ounce, the lowest level since February 2021, breaking a 46-year record for daily volatility [1][3][4] - The sharp decline in silver prices is attributed to several factors, including a sudden increase in margin requirements by the Chicago Mercantile Exchange (CME) by 13.6%, which raised the cost of leveraged trading and triggered a wave of stop-loss orders and forced liquidations, leading to a domino effect of selling [3][4] - Despite the dramatic drop, silver's current market dynamics differ from the speculative crash of 1980, as silver now has both financial attributes and significant industrial demand, particularly in sectors like photovoltaics, artificial intelligence data centers, and electric vehicles, with demand for silver in photovoltaic systems expected to grow at an annual rate of 40% by 2025 [3][4][6] Group 2 - The silver market was in a bull phase just a week prior to the crash, with prices exceeding $83 per ounce, and a cumulative increase of 185% since the beginning of 2025, significantly outpacing gold's 72% increase during the same period [4][6] - The recent price drop is viewed as a cooling-off period following market exuberance rather than a termination of the upward trend, with expectations that factors such as Federal Reserve policies, global industrial demand recovery, and supply chain structures will continue to impact the precious metals market significantly [6][8] - Investors are advised to avoid leveraging and to manage positions rationally, as the long-term fundamentals for silver price increases remain solid due to ongoing global monetary policy easing and rising industrial demand [6][8]
白银暴跌刷新46年历史纪录美元信誉度下降以及全球央行购金等长期潜在因素将持续存在。此次回调更像是对之前过度上涨的理性调整。
Sou Hu Cai Jing·2025-12-30 03:58