史诗级暴跌！白银一度重挫18%

Core Viewpoint - The precious metals market experienced a significant downturn on January 30, with silver and other metals facing historic declines after a period of rapid price increases [1][5]. Price Movements - International spot silver prices plummeted by over 18%, dropping below $100 per ounce and reaching a low of nearly $95 per ounce, after having peaked above $120 per ounce in the previous trading session [2][6]. - Other precious metals also saw sharp declines, with London gold prices falling over 8%, dipping below $5,000 per ounce from a high of nearly $5,600 per ounce [8]. - Platinum and palladium futures on NYMEX dropped by over 18% and nearly 15%, respectively, while domestic futures for platinum and palladium also fell by more than 11% [10]. Market Context - The recent sharp adjustments in precious metal prices followed a period of aggressive price increases, with silver and gold prices rising nearly 70% and about 30%, respectively, since the end of 2025 [11]. - The market's reaction was influenced by expectations of a hawkish stance from potential candidates for the Federal Reserve chair, particularly following the nomination of Kevin Walsh by President Trump [11]. Investment Risk Warnings - Several banks, including Industrial and Commercial Bank of China and Bank of China, issued warnings regarding the risks associated with precious metal investments, urging clients to manage risks and avoid speculative trading [3][17]. - The volatility in precious metals has also impacted the stock market, with a significant drop in precious metal-related stocks on the A-share market, where 13 out of 17 stocks in the Wind precious metals index hit the daily limit down [15].