刚刚！白银再暴涨

Core Viewpoint - Silver prices have surged significantly, with recent increases attributed to geopolitical tensions, a weakening dollar, and low market liquidity [1][3][4]. Group 1: Price Movements - On December 29, silver prices rose sharply, with spot silver increasing over 5% and futures rising over 7% [1]. - As of the latest data, London silver was priced at $81.927, reflecting a 3.27% increase, while COMEX silver reached $81.705, up 5.84% [2]. - Last week, on December 26, precious metals experienced a broad rally, with COMEX silver futures soaring over 11% and spot silver rising over 10% [3]. Group 2: Market Analysis - Analysts warn that precious metal prices are at unsustainable levels, with potential for a significant correction as speculative trading increases [4]. - UBS highlighted that the rapid price increase is largely due to insufficient market liquidity, raising short-term risks for precious metals trading [4]. - The current market dynamics suggest that while long-term factors like "de-dollarization" may support prices, the recent rapid increases are overly speculative [4]. Group 3: Supply and Demand Dynamics - Silver is facing supply pressures due to a structural deficit, with industrial demand and investment demand split approximately 60% to 40% [5]. - The silver market has been in a structural deficit for five consecutive years, with physical inventories rapidly depleting [6]. - Projections indicate a significant supply gap, with demand expected to reach 1.24 billion ounces by 2025, while supply is only anticipated at 1.01 billion ounces, resulting in a shortfall of 100 million to 250 million ounces [6].