面对迭创历史新高的白银，部分美国银行机构“空翻多”

Core Viewpoint - Recent surges in silver prices have led to mixed sentiments among hedge fund managers, with some acknowledging that current valuations are over 30% higher than reasonable estimates while still reluctant to exit the market [1][3] Group 1: Silver and Platinum Performance - Silver is projected to outperform gold by rising 147% by 2025, while platinum is expected to increase by 127% [1] - Factors driving the rise in silver prices include its inclusion in the U.S. critical minerals list, supply shortages, and strong industrial investment demand coupled with low inventory levels [1] Group 2: Market Dynamics and Federal Reserve Influence - Discussions around potential interest rate cuts by the Federal Reserve in March and later this year are contributing to the upward momentum in precious metals, including gold, silver, platinum, and palladium [3] - Analysts suggest that with U.S. banking institutions shifting from short to long positions and new capital inflows, there is a significant probability that silver prices could exceed $100 per ounce in the short term [3] - The Chicago Mercantile Exchange has been raising silver futures margin requirements, which may impact the ongoing silver squeeze, but the effectiveness of these measures remains to be seen [3]