昨日国内外白银期价盘中均创历史新高

Core Viewpoint - Domestic and international silver futures prices have reached historical highs, driven by expectations of loose liquidity in overseas markets and geopolitical risks [1] Group 1: Market Dynamics - The main silver futures contract on the Shanghai Futures Exchange (SHFE) hit a peak of 23,688 yuan per kilogram, while the COMEX silver futures for March reached 93.7 USD per ounce [1] - Concerns over future silver supply have increased, coupled with structural adjustments on both supply and demand sides, enhancing market bullish sentiment [1] Group 2: Supply and Demand Factors - Silver is a critical raw material for industries such as photovoltaic panels, electric vehicles, and AI computing hardware, leading to sustained industrial demand and historically low global inventories [1] - The mismatch between supply and demand has created a "hard shortage" scenario, boosting speculative buying interest [1] Group 3: Trading Activity - As of January 15, the trading volume for the main silver futures contract reached 1.887 million lots, an increase of 284,000 lots from the previous trading day [1] - The long positions among the top twenty main positions reached 212,000 lots, with a daily increase of 3,558 lots, while short positions were at 184,000 lots, with a daily increase of 2,179 lots, indicating a strong bullish sentiment [1] Group 4: Investment Insights - The total capital in SHFE silver futures rose to 80.867 billion yuan, with a net inflow of 230 million yuan on the day, and a year-to-date net inflow of nearly 21.5 billion yuan, making it the second-ranked commodity in terms of capital [2] - Analysts suggest that investors should be cautious with their positions due to increased volatility following rapid price increases, recommending a reduction in leverage or risk exposure [2] - Long-term investors are advised to use options and other derivatives for risk hedging to mitigate potential price fluctuations [2]