警惕！白银刷新46年暴跌纪录，振幅超12%，是抄底机会还是末日预警？年底理财别当接盘侠？

Group 1 - The core event was a dramatic fluctuation in silver prices on December 29, 2025, where silver initially surged nearly 6% to a historical high of $83.971 per ounce, only to plummet nearly 10% later in the day, marking the largest annual reversal since 1979 [1][3][7] - The volatility in silver prices triggered a "domino effect," causing significant declines in other precious metals, with gold dropping below $4500 per ounce and platinum and palladium experiencing declines of 14% and 16% respectively [7][8] - The market sentiment shifted rapidly from extreme optimism to panic, with many investors who had previously reported profits now rushing to cut losses [7][22] Group 2 - The sharp decline in silver prices was attributed to four main factors: increased margin requirements by exchanges, year-end tax considerations, technical overbought conditions, and forced selling by passive funds [10][16][18] - The Chicago Mercantile Exchange and the Shanghai Futures Exchange both raised margin requirements, increasing the financial pressure on leveraged investors, which exacerbated the sell-off [10][22] - Investors faced a "time bomb" regarding tax implications, as selling before December 31 would incur higher short-term capital gains taxes, leading to potential concentrated selling in January [16][22] Group 3 - There is a debate in the market regarding the long-term outlook for silver, with optimists believing that the recent drop is a temporary reset, supported by strong industrial demand, particularly in the solar and electric vehicle sectors [20][22] - Conversely, pessimists warn of a "generational bubble" in silver prices, citing historical precedents where similar market conditions led to significant downturns [20][22] - The supply-demand dynamics remain complex, with a persistent supply deficit and potential technological advancements in the solar industry that could reduce silver demand in the future [20][22]