金银比跌至50，创13年新低

Core Viewpoint - The London silver spot price has surpassed $90 per ounce, with the gold-silver ratio dropping to 50.57, marking a 13-year low as of October 14. This deviation from historical trends indicates a shift in the relationship between silver prices and economic indicators like the PMI [1]. Group 1: Price Movements - The London silver spot price has exceeded $90 per ounce [1] - The gold-silver ratio has fallen to 50.57, the lowest in 13 years [1] Group 2: Historical Context - Historically, each round of gold-silver ratio correction has coincided with a recovery in the US PMI, which has been a consistent pattern since 1980 [1] - The traditional path of gold-silver ratio recovery involves economic recovery leading to increased industrial demand for silver, resulting in silver price increases outpacing gold [1] Group 3: Current Market Dynamics - In 2025, the established correlation between gold-silver ratio and US PMI has been disrupted, with the PMI remaining at 47.9% in December, indicating a contraction for 10 consecutive months [1] - Analysts suggest that current silver price increases are significantly influenced by supply shortages and investment demand, rather than solely by its financial attributes [1] - The declining global share and influence of the US manufacturing sector is altering the historical relationship between gold-silver ratio and US PMI [1]