白银期货价格持续走高 海内外交易所联手降温

Group 1 - The core viewpoint of the article highlights the strong performance of the precious metals market, particularly silver, which has seen significant price increases and historical highs in both domestic and overseas markets [1][2] - As of January 14, the main silver futures contract in China closed at 22,763 yuan per kilogram, up 8.03%, with trading volume increasing to 344,700 lots, while London silver prices reached over $91 per ounce [2] - The market is driven by macroeconomic risk aversion, capital speculation, and structural tensions, leading to a strong trend of capital clustering and increased volatility in prices [2] Group 2 - The structural "squeeze" in the silver market is validated by low inventory levels, with domestic silver stocks at historical lows and COMEX silver inventory decreasing to approximately 435.7 million ounces, down 0.9% from the previous week [3] - The largest global silver ETF has continued to see an increase in holdings, indicating a positive trend for long-term capital allocation [4] - Major financial institutions, including Citigroup and UBS, have raised their short-term price targets for silver, with Citigroup projecting a target price of $100 per ounce [5] Group 3 - Concerns regarding the independence of the Federal Reserve have emerged, potentially attracting more risk-averse capital into the gold and silver markets, which could further drive prices upward [6] - In response to the volatile market conditions, exchanges have implemented measures to mitigate risks, including adjustments to trading fees and margin requirements for silver futures [7][8] - Analysts suggest that the current price surge in silver may be nearing its peak, with significant risks of price fluctuations in the short term [8]