沪银期价维持高位运行

Group 1 - The core viewpoint of the articles indicates that silver prices are experiencing a significant upward trend driven by a fundamental shift in demand structure, with industrial demand becoming the dominant force [1][2] - As of January 5, 2026, the main contract for silver futures on the Shanghai Futures Exchange closed at 18,247 yuan per kilogram, reflecting a 1.16% increase, supported by high international silver prices during the New Year holiday [1] - Analysts predict that silver prices will continue to benefit from loose liquidity, long-term supply-demand gaps, and increased industrial demand driven by AI narratives, with expectations for international silver prices to potentially reach 100 USD per ounce [2] Group 2 - The silver market is expected to face a supply gap by 2025, while demand in sectors such as photovoltaics, electric vehicles, and AI infrastructure is showing sustained growth [1] - The relationship between silver price fluctuations and global manufacturing activity, as well as the energy transition process, is becoming more significant than its correlation with monetary policy [2] - The price dynamics of silver are being restructured as it transitions from a "supporting role" in financial markets to a "strategic metal" crucial for the development of green energy and digital infrastructure [1]