全球动荡推升避险需求 白银价格突破100美元关口

Core Viewpoint - Silver prices have surpassed $100 per ounce for the first time, driven by increased demand for safe-haven assets and retail market enthusiasm, with a year-to-date increase of nearly 40% [1] Group 1: Price Movement - On Friday, spot silver surged by 4.2%, reaching $100.29 per ounce [1] - Silver prices have more than doubled since 2025 [1] Group 2: Market Dynamics - The global silver market has been in a state of supply shortage for five consecutive years [1] - Retail buying has rapidly increased as prices continue to rise [1] Group 3: Geopolitical Factors - Recent tensions between the U.S. and European allies, along with stalled negotiations to end the Ukraine conflict, have further boosted safe-haven demand [1] - Concerns over the independence of the Federal Reserve have also contributed to increased demand for silver [1] Group 4: Industry Impact - The photovoltaic (PV) industry remains a major consumer of silver due to its excellent conductivity [1] - However, rising prices have led some companies to reduce their silver usage [1] - According to Shanghai Metal Network, silver consumption in the PV industry is expected to decline by approximately 17% this year due to the use of alternative materials and a slowdown in global PV installation growth expectations [1]