今日金价（1月5日）黄金、铂金、钯金、白银—铂金涨幅遥遥领先

Group 1 - The silver market has reached a critical level with the Relative Strength Index (RSI) hitting 93.86, the highest since January 1980, indicating an overheated market [1] - Silver futures closed at 18,131 CNY per kilogram on December 25, 2025, with a daily increase of 5.50%, reflecting multiple instances of significant daily fluctuations throughout December [1] - The precious metals market is experiencing unprecedented growth, with gold prices surpassing $4,400 per ounce and silver's annual increase nearing 150% [3] Group 2 - The surge in precious metals is driven by a shift in global monetary policy, with the Federal Reserve completing three rate cuts totaling 175 basis points in 2025, leading to a lower opportunity cost for holding non-yielding assets like gold and silver [3] - Geopolitical risks, including tensions in the Middle East and escalating conflicts in Europe, have added a strong safe-haven premium to precious metals [3] - Central banks, including the People's Bank of China, have been increasing their gold reserves, with China adding over 41 tons in the past 13 months, contributing to a global gold ETF holding nearing 4,000 tons [3] Group 3 - The imbalance in supply and demand is a key factor for silver's leadership in the market, with industrial demand rising by 15% due to a 30% increase in global photovoltaic installations, while supply has faced a shortfall of 187.6 million ounces [4] - The capital market's influx of funds has amplified the price surge, with the China Universal Silver Futures LOF fund seeing a premium of 45% over its net asset value [4] - Regulatory measures have been implemented to curb excessive speculation in the silver futures market, including trading limits and increased transaction fees [5] Group 4 - The soaring prices of precious metals are beginning to suppress consumer demand, with rising costs affecting purchasing decisions for items like platinum jewelry [7] - There are significant divergences in predictions for the precious metals market in 2026, with forecasts for gold prices ranging from $4,900 to over $5,000 per ounce, and some predictions suggesting gold could reach $10,000 [7] - Analysts caution that the current market dynamics are driven more by sentiment and capital flows rather than solid supply-demand fundamentals, indicating potential risks for a rapid price correction [9]