白银，又爆了！

Core Viewpoint - The price of spot silver has surpassed $90 per ounce, reaching a new historical high, driven by various market factors including inflation expectations and geopolitical uncertainties [2]. Price Movements - On January 14, spot silver prices rose to $90.004 per ounce, marking a 3.41% increase from the previous close of $86.919 [3]. - COMEX silver also saw significant gains, with an intraday increase exceeding 4%, closing at $89.900, up 3.88% from the previous close of $86.338 [4]. - The Shanghai silver futures contracts experienced a rise of over 7%, with year-to-date gains exceeding 30% [4]. Market Capitalization - The market capitalization of silver has surpassed $5 trillion, exceeding the market cap of NVIDIA, which stands at $4.52 trillion [5]. Global Market Context - The current price of silver is $89.82, reflecting a 4.03% increase, while gold is priced at $4,630, up 0.68% [6]. - Other precious metals such as platinum and palladium have also shown notable price increases [6]. Economic Indicators - Recent U.S. inflation data has reinforced market expectations for potential interest rate cuts by the Federal Reserve, contributing to rising demand for safe-haven assets like precious metals [7]. - The core consumer price index in the U.S. rose by 0.2% month-over-month and 2.6% year-over-year, slightly below market expectations, which has influenced investor sentiment regarding monetary policy [8]. Future Outlook - Analysts from Citigroup have raised their price forecasts for gold and silver over the next three months to $5,000 and $100 per ounce, respectively [8]. - The macroeconomic analysis indicates a shift in silver pricing dynamics since 2022, with a notable short-term supply shortage emerging due to various factors, including U.S. trade policies and increased industrial demand [8].