Group 1: Silver Market Overview - The London silver price is currently trading above $98.39, with a recent high of $99.20 and a low of $96.19, indicating a short-term oscillating trend [1] - The World Silver Association reports that global industrial demand for silver will continue to grow over the next five years due to surging demand from sectors like photovoltaics, AI, and electric vehicles [1] - By 2025, global silver supply is projected to be 32,100 tons, while demand is expected to reach 35,700 tons, with industrial silver accounting for 60% of total demand [1] Group 2: Industrial Demand and Risks - Silver is the best conductor of electricity and has extensive applications in the industrial sector, particularly in photovoltaic manufacturing, where demand has surged to over 5,000 tons annually, representing one-sixth of global silver production [2] - There is a risk of substitution in industrial demand, as record silver prices are prompting downstream industries to seek alternatives, with companies like LONGi Green Energy planning to replace silver paste with base metals in solar cells [2] Group 3: Technical Analysis of Silver Prices - The price of silver has shown strong bullish momentum, reaching a key resistance level of $98.00, indicating a dominant buying position [3] - A breakout above the $98.00 resistance could lead to a rise towards the next resistance level of $102.00, with a trading range expected between $94.00 support and $102.00 resistance [3]
白银供需缺口持续扩大 伦敦银多头势头强劲
Jin Tou Wang·2026-01-23 06:28