Xin Lang Cai Jing·2026-01-26 00:55Core Viewpoint - Silver prices have surged significantly, with a year-to-date increase of over 30%, reaching a historical high of $99.36 per ounce on January 23 [8][11]. Group 1: Silver Price Trends - The price of silver has increased by more than 30% since the beginning of the year, with a notable rise in demand for physical silver products from banks [1][7]. - The London silver inventory has dropped to a 10-year low, indicating a tightening supply situation [6][8]. - The World Silver Association projects global silver supply to be 32,100 tons and demand to be 35,700 tons by 2025, with industrial silver accounting for 60% of total demand [1][6]. Group 2: Bank Product Availability - Many banks, including Industrial and Agricultural Banks, have reported shortages of silver products such as commemorative coins and jewelry due to high demand [2][5]. - Specific products like the "Chinese Dragon Silver Commemorative Coin" have sold out, with sales reaching 27,000 units [2][5]. - Other banks, such as Bank of China and CITIC Bank, still have sufficient inventory of silver products [6]. Group 3: Market Outlook - Financial institutions maintain a positive outlook on the silver market, with expectations of continued upward pressure on prices due to industrial demand and investment interest [18]. - Predictions suggest that silver prices may test the $100 per ounce mark in the short term, with a potential long-term price increase driven by industrial demand [18][19]. - Analysts from Huatai Futures indicate that the silver-gold ratio is likely to fluctuate within a range of 40-80, suggesting a volatile market ahead [18]. Group 4: Risk Management and Regulatory Changes - Banks have begun to tighten their risk management protocols for precious metals investments, raising entry thresholds and issuing market risk warnings [19][20]. - Recent adjustments include increasing margin requirements for silver trading and raising the risk rating for personal accumulation gold products [19][20]. Group 5: Consumer Behavior - Consumers are increasingly purchasing silver products not only for investment but also for their aesthetic appeal, as evidenced by social media shares of silver collectibles [6]. - The rising silver prices have prompted consumers to act quickly in acquiring silver products, reflecting a growing interest in precious metals as a hedge against inflation [1][7].