【导读】白银暴涨，股市震荡 大家好，今晚继续关注海外市场的表现！ 白银暴跌之后又暴涨 最近，现货白银价格的表现堪称疯狂，不是在暴跌就是在暴涨的路上，12月30日晚间，在经历了一次"史诗级"的暴跌之后，白银价格又开 始了暴涨模式，黄金也从纪录高位急跌"降温"后重新站稳脚跟。 白银价格回升至每盎司74美元上方，前一交易日曾暴跌9%；黄金也在两个月来最大跌幅后小幅走高。此次抛售的诱因包括保证金要求上 调，以及技术指标显示涨势"过热、拉得太满"，再加上市场流动性偏薄，进一步放大了近期的价格波动。 分析师表示，周一的下跌"主要是技术性因素导致：贵金属近期快速上涨后出现早期获利了结，杠杆多头被迫去杠杆，同时更严格的保证 金要求也带来额外压力。基本面并没有发生变化"。 在波动显著加剧之际，一些交易所开始出手控制风险——自周一起，部分COMEX白银期货合约的保证金被上调。交易所提高保证金要 求，意味着交易者必须追加更多资金才能维持持仓。有些投机者拿不出额外保证金，只能被迫缩小仓位或直接平仓。 尽管近期出现回撤，黄金和白银仍有望录得自1979年以来最强年度表现。支撑因素包括：全球央行强劲买入、资金持续流入交易型开放式 基金(E ...

北京时间12月30日晚，美股三大指数小幅低开，冲高后转跌，中概股普涨。昨日跳水的贵金属集体反弹。 美股多只黄金股上涨，截至22:40左右，金田、哈莫尼黄金、泛美白银涨超3%。 部分科技股走势亮眼，Meta、英特尔一度涨约2%。 纳斯达克中国金龙指数一度涨超1%。其中蔚来涨近7%，小鹏涨超5%；百度涨近6%，其港股今日收涨近9%。消息面上，据智通财经报道，美国网约车平 台Uber和Lyft宣布，已与百度达成合作，计划于2026年在英国推出无人驾驶出租车(Robotaxi)试点项目。 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | | 蔚来 | 5.710 | 6.93% | | 百度集团 | 134.130 | 5.77% | | 小鹏汽车 | 21.555 | 5.15% | | 中国苏轩堂药业 | 1.530 | 4.08% | | 禾赛科技 | 23.270 | 3.51% | | 迅雷 | 7.400 | 3.06% | | 小赢科技 | 5.915 | 3.04% | | 嘉银科技 | 6.000 | 2.92% | | MICROALGO | 5.180 | 2.78% ...

Core Viewpoint - The precious metals market has experienced a significant downturn after a period of rapid growth, driven by regulatory tightening, crowded trades, and a reversal in market sentiment [2][4]. Group 1: Market Performance - On December 30, the domestic futures market saw a sharp decline, with platinum and palladium futures hitting the limit down, both dropping by 13% [2]. - Gold and silver also faced substantial corrections, with silver dropping by 6% and copper falling over 4% [2]. - Internationally, precious metals faced a "Black Monday," with silver experiencing a drop of over 10%, marking the largest single-day decline since 2021 [4]. Group 2: Causes of Decline - The recent downturn is attributed to a combination of regulatory measures, crowded trading positions, and a shift in market sentiment rather than a single negative trigger [2][4]. - The Chicago Mercantile Exchange's announcement to raise margin requirements for various metal contracts has forced traders to increase cash holdings, leading to reduced positions and subsequent price declines [5]. - Analysts noted that the price increases in platinum and palladium had become detached from short-term fundamental support, indicating a technical overbought condition [4]. Group 3: Market Outlook - Despite the short-term volatility, the mid-term bullish logic for precious metals remains intact, although the previous strong upward trend has been disrupted [10]. - The market is expected to enter a period of wide fluctuations, with key support levels identified at 570 yuan per gram for platinum and 440 yuan per gram for palladium [10]. - Investment strategies are shifting from aggressive to defensive, with recommendations for existing investors to reduce positions and lock in profits, while new investors are advised to wait for clearer trends [10][11].

Core Viewpoint - The silver market experienced a significant rebound on December 30, with London silver rising nearly 6%, COMEX silver increasing over 8%, and Shanghai silver futures up more than 5% after a sharp decline the previous day [1][4]. Market Performance - On December 29, silver and other precious metals faced a substantial drop, with COMEX silver futures plummeting 7.2% and spot silver falling over 9% [4]. - The latest trading data shows that London silver reached a high of 76.536, marking a 6.10% increase, while COMEX silver opened at 76.260, up 8.23% from the previous day [2][3]. Margin Changes - The Chicago Mercantile Exchange announced an increase in trading margins for metals, with silver futures margin raised by approximately 13.6%, contributing to the price declines observed on December 29 [5]. Supply and Demand Outlook - The Silver Institute forecasts a supply-demand gap exceeding 100 million ounces in the global silver market by 2025, indicating a continued supply shortage for the fifth consecutive year [6]. - As of December 26, 2025, the largest silver ETF, SLV, reported a holding of 16,400 tons, reflecting a 2% week-over-week increase [6]. Future Price Predictions - Optimistic analysts, including Peter Schiff, predict that silver prices could exceed $100 per ounce next year, while others suggest that the sustainability of price increases will depend on the role of gold and silver in global investment portfolios [7]. - UBS warns that the rapid rise in precious metal prices may be unsustainable due to insufficient market liquidity, suggesting a potential decline in silver prices to around $42 per ounce by the end of next year [8]. Current Trends - The current market dynamics indicate that silver is outperforming gold, with significant volatility and potential for further price increases, although caution is advised for short-term investors [8].

来源：上海证券报·中国证券网 上证报中国证券网讯（记者 张骄）现货黄金、白银经过昨日重挫后，12月30日迎来大幅反弹。截至20 时55分，伦敦现货黄金涨1.57%，报4399.58美元/盎司；伦敦现货白银涨5.16%，报75.827美元/盎司。 来源：上海证券报·中国证券网 上证报中国证券网讯（记者 张骄）现货黄金、白银经过昨日重挫后，12月30日迎来大幅反弹。截至20 时55分，伦敦现货黄金涨1.57%，报4399.58美元/盎司；伦敦现货白银涨5.16%，报75.827美元/盎司。 ...

Group 1 - The core viewpoint of the article highlights a significant rebound in precious metals, particularly silver, which saw a sharp increase in prices following a previous decline [1] - As of December 30, COMEX silver futures experienced a rise of over 8%, while spot silver surged nearly 6%, indicating strong market activity [1] - The year-to-date performance of precious metals has been remarkable, with COMEX gold futures increasing by over 65% and silver futures leading with a rise exceeding 150%, marking it as the top-performing asset globally [3] Group 2 - Current prices for various precious metals include COMEX silver at $75.575, with a year-to-date increase of 158.02%, and spot platinum at $2,215.30, up 145.06% for the year [2] - The article notes that gold prices reached a historical high of $4,500 per ounce in December, contributing to the overall bullish trend in the precious metals market [3] - Other metals such as platinum and palladium also saw significant gains, with platinum up 141.57% and palladium futures rising over 85% this year [3]

每经AI快讯，12月26日，现货钯金涨超9%，报每盎司1,848.95美元。 每日经济新闻 （责任编辑：刘畅 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

技术面内，经过周一的下跌，日线以一根顶部大阴收盘，破位了单边均线支撑，但是没有破位日线布林 中轨的支撑，所以强势还在，只不过从前期的极强变为强势，并且可能是震荡，日线周二如果收阳，周 三，周四可能会在布林中轨之上继续连阳上涨，那么，元旦前后期还会延续多头的放量，H4周期就要 关注今天的变化了，由于周一下跌的空间较大，目前下轨是开口的状态，但如果今天站稳4400后，布林 收口，可能直接转为强势，再看延续上涨空间，上方关注4500，所以今天黄金关注4400得失，以及周期 性变化。那么今日操作上建议可以尝试性做多看涨了，早盘最低在4325，靠近4330附近就可以做多看 涨，目标先看4400，进一步看上涨空间的话就看4500． 白银技术分析： 白银昨日开盘后行情先拉升，给出83.98一线历史新高后获利了结强势回落，最低给到70.48附近后反弹 修复整理，目前白银反弹回到73上方，那么日内操作上建议可以在73支撑上继续看涨，这个周期预计先 看到80附近，再看前高是否破位，调整下来就是做多的机会。 新浪合作大平台期货开户 安全快捷有保障 市场解读： 12月30日，在2025年即将落幕之际，贵金属市场迎来剧烈震荡。现货黄金 ...

Group 1 - The Shanghai gold futures closed at 1007.18 yuan per gram on December 30, with a daily decline of 0.91% and a trading volume of 345,222 lots [1] - The spot price of gold in Shanghai was quoted at 983.00 yuan per gram, indicating a discount of 1.84 yuan per gram compared to the futures price [1] - Recent geopolitical tensions, including accusations from Russia against Ukraine and aggressive foreign policy statements from Trump, have weakened expectations for peace negotiations [1] Group 2 - Market sentiment has shifted, leading to a potential continuation of short-term corrections in precious metals [2] - Both domestic and international precious metal prices have significantly declined from historical highs, with platinum and palladium futures hitting the limit down, and silver experiencing volatile trading [2] - Regulatory policies have tightened, particularly with the CME raising margin requirements, resulting in capital outflows and profit-taking among long positions, contributing to rapid adjustments in precious metal prices [2]

Core Viewpoint - The domestic futures market has experienced significant adjustments, particularly in platinum and palladium, which saw a sharp decline, reflecting short-term pressure on the precious metals market [1][4]. Group 1: Market Performance - On December 30, 2025, the main contracts for platinum and palladium on the Guangxi Futures Exchange hit the daily limit down, with declines of 13% each, marking them as the largest losers in the domestic futures market [1][2]. - Internationally, platinum prices fell by 13.71% and palladium by 15.76% overnight [1]. - Year-to-date, NYMEX platinum futures have increased by 140%, with a volatility of 187.91%, while palladium has risen by 82.85% with a volatility of 138.37% [3][5]. Group 2: Market Dynamics - The recent price surge in platinum and palladium is attributed to a combination of supply constraints, awakened investment demand, and long-term growth expectations, particularly in the Chinese market [6]. - Retail investment demand for platinum has reached historical highs, driven by its perceived value compared to gold and its role in hedging against inflation [6]. - The recent sharp declines in prices are linked to regulatory measures that have increased trading costs and reduced speculative trading activity, leading to a liquidity crunch [9][10]. Group 3: Future Outlook - The global platinum market is expected to face a shortage of 26.4 tons in 2025, despite a 4% year-on-year decline in total demand [11][12]. - There are differing opinions on the outlook for platinum and palladium in 2026, with some analysts predicting strong price increases due to robust automotive demand, while others foresee potential oversupply due to changing market dynamics [13][14]. - Factors such as ongoing central bank gold purchases, persistent inflation, and low real interest rates may support precious metal prices, although industrial demand weakness poses significant downward pressure [14].