市场快讯：白银剧烈波动注意控制风

Report Summary 1) Report Industry Investment Rating No industry investment rating is provided in the report. 2) Core View of the Report Short - term silver prices are experiencing violent fluctuations. The CME's increase in precious metal futures margins reflects concerns about market volatility. Investors are advised to assess their risk tolerance and control investment risks. Gold has a relatively smaller fluctuation range due to its slower previous rise [3]. 3) Summary by Related Content - Market Performance: On December 26, 2025, London spot silver rose over 10% to $79 per ounce. On December 29, it opened above $80 per ounce, reaching a high of $83.971 per ounce and then quickly falling to near $75 per ounce [3]. - Margin Adjustment: The CME will comprehensively raise the performance margins of gold, silver, lithium and other metal futures after the close on December 29. The initial margins of COMEX100 - ounce gold futures (GC) Non - HRP and HRP contracts will be raised by 10%, and those of COMEX5000 - ounce silver futures (SI) Non - HRP and HRP contracts will be raised by over 13% [3]. - Historical Reference: In 2011, the CME raised silver futures margins five times from April 25 to May 5, increasing the initial margin requirement from 6% to 12%, which led to a sharp short - term decline in silver futures prices [3].