12月22日，现货白银高开高走升至每盎司67.46美元上方，再创历史新高。 ...

Core Viewpoint - The surge in silver prices has led to a significant premium for the Guotou Ruijin Silver Futures Securities Investment Fund (LOF), with a premium rate reaching 36%, causing the market price to deviate substantially from the net asset value of the fund [1][4][12]. Fund Performance and Actions - The Guotou Ruijin Fund has issued multiple premium risk warning announcements, with ten issued in December alone, and has implemented temporary trading suspensions to manage volatility [1][4][12]. - On December 19, the fund's market price fell over 8% at one point but later narrowed to approximately 4.3% [1][4]. - To curb speculative trading, the fund has limited daily subscription amounts to 500 yuan [5][15]. Market Dynamics - As of December 17, the fund's net asset value was 1.7164 yuan, while the market closing price on December 18 was 2.332 yuan, indicating a significant premium [4][14]. - The fund's performance has been influenced by the rapid increase in silver prices, which have risen by 70.34% since November 24, with an annual increase exceeding 173% [5][16]. Silver Market Outlook - The silver market has seen a substantial increase in demand, particularly from the photovoltaic industry, which is expected to drive annual silver demand up by nearly 13% by 2030 [9][10][19]. - Analysts predict a structural supply gap of approximately 95 million ounces in the global silver market by 2025, marking the fifth consecutive year of supply shortages [9][19]. - Despite the recent price surge, caution is advised as any unexpected data or policy changes could amplify market volatility [19][20].

Core Viewpoint - Silver prices have surged significantly, with the London spot silver price exceeding $66 per ounce, marking a daily increase of over 3.5% as of December 17. The price has risen more than 32% since hitting a low on November 24, driven by macroeconomic liquidity, supply-demand imbalances, and strong investment demand [1][2]. Group 1: Price Movement and Market Dynamics - As of December 17, the London spot silver price reached a high of $66.51 per ounce, reflecting a robust upward trend in the past two months [1]. - The gold-silver ratio has fallen to a four-year low due to the significant rise in silver prices [1]. - The global silver market has experienced structural shortages for five consecutive years, with an expected shortfall of 3,660 tons by 2025, driven by industrial demand from sectors like photovoltaics and electric vehicles [2]. Group 2: Supply and Demand Factors - Industrial demand, particularly from the photovoltaic sector, has surged, with a 17% annual increase in installed capacity driving silver paste demand [2]. - The supply of silver is constrained, with 72% of mined silver coming from copper, lead, and zinc by-products, exacerbating the supply-demand imbalance [2]. - High leasing rates for London silver and the return of inventories to European markets have contributed to upward price pressure [2]. Group 3: Market Sentiment and Risks - Analysts caution about potential short-term price corrections due to overbought conditions, with the RSI indicator for silver exceeding 85, indicating severe overbought status [3]. - The COMEX silver market is facing significant physical delivery demands, leading to a "short squeeze" scenario that amplifies price increases [2][3]. - There is a growing concern that high prices may lead to reduced industrial demand, and any unexpected monetary policy changes, such as interest rate hikes from the Bank of Japan, could impact global liquidity and market dynamics [3].

（原标题：现货白银涨超4%再创新高） 人民财讯12月17日电，现货白银涨超4%，报66.36美元/盎司再创新高。 ...

每经AI快讯，12月17日，现货白银站上66美元/盎司，日内上涨3.6%。 ...

（责任编辑：王治强 HF013） 每经AI快讯，12月17日，现货白银日内涨超3%，现报65.86美元/盎司。 每日经济新闻 【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 ...

Core Viewpoint - London silver prices have reached a new historical high, hitting $65.645 per ounce as of 10:00 AM on December 17 [1] Group 1 - The price of silver has surpassed its previous record, indicating strong market demand and potential investment interest [1]

北京时间12月17日上午，现货白银突破65美元/盎司，再创历史新高，现报65.163美元/盎司，日内涨幅 2.25%。 新浪合作大平台期货开户 安全快捷有保障 北京时间12月17日上午，现货白银突破65美元/盎司，再创历史新高，现报65.163美元/盎司，日内涨幅 2.25%。 新浪合作大平台期货开户 安全快捷有保障 责任编辑：朱赫楠 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 责任编辑：朱赫楠 ...

格隆汇12月15日｜随着白银价格飙升逾3%，在美上市的白银矿商股盘前上涨。赫克拉矿业公司股价上 涨4.6%，柯尔矿业公司股价上涨3.3%。 ...

来源：新鲜速递 白银价格在2025年12月首次突破60美元/盎司，年内涨幅超110%，创历史新高，其暴涨是工业需求爆 发、库存挤兑危机与金融政策转向三重因素共振的结果。 一、核心驱动因素 降息预期强化金融属性 市场普遍预期美联储将在12月降息25个基点（概率达87.4%），低利率环境降低持有白银的机会成本， 推动资金涌入贵金属避险。同时，美元走弱与中东冲突、美债风险等避险情绪升温，白银作为"廉价黄 金替代品"吸引散户及机构投资。 工业需求爆发式增长 光伏领域：2025年全球光伏装机量超655GW，单GW耗银8-10吨，光伏用银占全球白银总需求的55%， 较2022年翻倍。 新能源汽车与AI：电动车单车用银量达25-50克（燃油车的7倍），AI服务器芯片封装耗银量比传统设备 高30%。 供需缺口扩大：全球白银连续5年短缺，2025年缺口达2700吨。矿产银因主产国（墨西哥、秘鲁）罢工 减产，再生银增速仅1.2%，加剧供应紧张。 库存挤兑与资本博弈 金银比修复与政策催化 此前金银比一度突破100:1（历史均值约60:1），当前降至70:1仍存45%修复空间，补涨需求强烈。此 外，美国将白银列为"关键矿产"，贸易商 ...