全线爆发！沪银狂飙近13%贵金属板块涨超7% 白银现货需求尚可

Core Viewpoint - The domestic precious metals market experienced a strong rebound on the first trading day after the Spring Festival, driven by rising geopolitical risks and increased demand for safe-haven assets due to uncertainties in global trade [1][4]. Market Performance - As of February 24, 2023, COMEX gold decreased by 0.62% to $5193.1 per ounce, while Shanghai gold futures rose by 3.52% to ¥1150.5 per gram. COMEX silver increased by 1.68% to $88.025 per ounce, and Shanghai silver futures surged by 12.84% to ¥22327 per kilogram [1]. - The precious metals sector in the stock market rose by 7.01%, with notable stocks such as Hunan Silver, Shengda Resources, and Sichuan Gold hitting the daily limit [2]. Geopolitical and Economic Factors - The U.S. government is considering imposing new tariffs on several industries under the guise of national security, which adds to the uncertainty in global trade [4]. - President Trump announced an increase in the global import tariff rate from 10% to 15%, following a Supreme Court ruling that deemed previous tariffs illegal [5]. Supply and Demand Dynamics - The silver spot market showed decent demand with no significant accumulation of inventory, indicating a relatively tight supply that supports silver prices [1][8]. - Turkey's silver imports reached a record high in January 2026, driven by local factors and restrictions on gold imports, indicating strong demand for silver as an alternative investment [7]. Future Outlook - UBS maintains a positive outlook on gold, predicting a target price of $6200 per ounce in the coming months, driven by geopolitical risks and continued central bank purchases [9]. - Various analysts expect gold prices to rise, with predictions ranging from $5400 to $6300 per ounce by the end of 2026, supported by strong demand from central banks and private investors [11][13].