在黄金创纪录涨势的推动下，白银走出了几十年来最好的表现，而这一涨势还能持续多久？ 10月9日，现货白银价格首次突破50美元/盎司整数关口，创下历史新高；10月10日，现货白银继续强势 上攻，最高触及51.22美元/盎司。 今年以来，现货白银已涨超70%，表现甚至超过了同期上涨约54%的黄金。 白银牛市 在全球地缘政治与经济风险交织的背景下，今年以来，投资者纷纷涌入贵金属寻求避险，白银作为贵金 属之一，同样受到青睐。 白银与黄金之间存在强相关性，受美元及美国利率影响显著。嘉富卡尔研究公司（Gavekal Research） 创始合伙人路易斯-文森特·加夫（Louis-Vincent Gave）指出，贵金属牛市一旦启动，通常需要美联储等 大央行采取鹰派政策或美元大幅走强才能终结，而当前这些因素均未显现端倪。 此外，与黄金相比，白银还具有更强的工业属性。光伏、新能源汽车、半导体等行业对白银的消耗量持 续增加，令白银在贵金属中脱颖而出。 中国有色金属工业协会金银分会副秘书长石和清分析指出，最近几年白银呈现较强工业属性，太阳能产 业的爆发式增长推动光伏银浆需求剧增。近5年来全球白银实物供应都处于短缺状态。 根据伦敦金银 ...

在全球地缘政治与经济风险交织的背景下，今年以来，投资者纷纷涌入贵金属寻求避险，白银作为贵金 属之一，同样受到青睐。 白银与黄金之间存在强相关性，受美元及美国利率影响显著。嘉富卡尔研究公司（Gavekal Research） 创始合伙人路易斯-文森特·加夫（Louis-Vincent Gave）指出，贵金属牛市一旦启动，通常需要美联储等 大央行采取鹰派政策或美元大幅走强才能终结，而当前这些因素均未显现端倪。 此外，与黄金相比，白银还具有更强的工业属性。光伏、新能源汽车、半导体等行业对白银的消耗量持 续增加，令白银在贵金属中脱颖而出。 中国有色金属工业协会金银分会副秘书长石和清分析指出，最近几年白银呈现较强工业属性，太阳能产 业的爆发式增长推动光伏银浆需求剧增。近5年来全球白银实物供应都处于短缺状态。 10月9日，现货白银价格首次突破50美元/盎司整数关口，创下历史新高；10月10日，现货白银继续强势 上攻，最高触及51.22美元/盎司。 今年以来，现货白银已涨超70%，表现甚至超过了同期上涨约54%的黄金。 在黄金创纪录涨势的推动下，白银走出了几十年来最好的表现，而这一涨势还能持续多久？ 白银牛市 花旗银行近期 ...

黄金白银大跌，大调整来了吗？接下来怎么办？ 先说结论 黄金大跌，我们认为只是大调整，多头趋势依然没有改变，调整后继续上涨！ 昨日黄金白银暴跌，其中国际黄金下跌114美元，国际白银大跌2.3美元以上。国内上海金、沪金，融通金和上海银，沪银等迎来了高位大跌。昨天的下跌可 以说是久违的下跌，自黄金3311美元上涨以来，最高至4059美元，涨幅达748美元；速度之快，幅度之大，创历史之最；且期间，黄金下跌幅度有限，最大 不过80来美元。昨天黄金暴跌后，是见顶了还是只是调整？我们来聊聊，喜欢看视频的看视频，喜欢看文字的看文字 昨天黄金暴跌的导火索是加沙停火协议，同时伴随国际白银突破历史新高后快速的回落，二者相辅相成。 基本面上来看，美国政府依然停摆，非农数据继续推迟，如果短期内美国政府无法恢复正常，恐怕接下来来的通胀数据公布都要受到影响；对于接下来10月 份美联储利率决议，将是一个非常艰难的时刻，因为没有官方重要数据的参考，美联储在开盲车。 第一，今日周五，黄金3311上涨以来连续7周周五全部大涨，今天是第8周的周五，是否继续延续规律也很重要。 第二，美盘连续两天下跌，周三4059大跌近60美元，周四4058大跌114 ...

Group 1: Economic Indicators - The U.S. core PCE price index for August increased by 2.9% year-on-year, consistent with the previous value, and rose by 0.2% month-on-month, down from a previous increase of 0.3% [2] - The overall PCE price index rose by 0.3% month-on-month, with a year-on-year increase of 2.7%, compared to the previous value of 2.6% [2] - The U.S. consumer spending growth in August slightly exceeded expectations, while the consumer confidence index for September dropped to 55.1, a decrease of about 5% from August [2] Group 2: Gold Market - Gold prices showed a strong upward trend, closing with a significant weekly gain, marking six consecutive weeks of increases, with prices nearing $3800 [3][4] - Concerns over a potential U.S. government shutdown have led to increased safe-haven investments in gold, with key support established at the $3760 level [4][6] - The outlook for gold remains bullish, with expectations of reaching $3850 and potentially $3900 in the near term, supported by favorable market conditions [6] Group 3: Silver Market - Silver prices are experiencing a strong bull market, with recent highs indicating a potential target of $100 in the long term [7] - The domestic silver market has also reached historical highs, reflecting a robust bullish trend [7] - Short-term trading strategies suggest maintaining long positions as silver remains strong above the $46 level [7]

Core Viewpoint - The article discusses the current state of the silver market, highlighting the challenges faced by short sellers and the potential for long positions to capitalize on market movements [1] Group 1 - The article raises questions about the sustainability of the silver bull market and the potential for long positions to gain significant advantages [1]

Summary of Key Points from Conference Call Records Industry Overview Aviation Industry - Boeing's aircraft delivery suspension has a limited impact on the Chinese aviation industry, with three previously suspended aircraft set to be delivered to Xiamen Airlines and China Southern Airlines. China Eastern Airlines plans to introduce 46 Boeing aircraft by 2025, with about 10 already delivered in Q1. These new aircraft represent less than 1% of the total industry fleet of 4,300 aircraft [2][4] - Market expectations suggest that tax rebates may compensate airlines for the delivery suspension, which has not significantly affected stock prices [4] - The summer 2025 aviation market is expected to see good pre-sales, with non-fuel ticket prices projected to achieve double-digit growth, although current seat occupancy rates are lower than last year [5] Express Delivery Industry - The express delivery sector is experiencing price increases, particularly in Yiwu, while intense price wars among major companies have not yielded expected results. The growth rate for Zhongtong's parcel volume in Q1 was only 19%, compared to the industry average of 22% [6] - The price war may reach a temporary bottom if price increases continue, presenting a good opportunity for investment in companies like Zhongtong, Jitu, YTO, and Shentong [6] - The application of unmanned vehicles in the last-mile delivery is rapidly advancing, with SF Express increasing its investment in unmanned vehicles, significantly reducing per-package costs [7][8] Chemical Industry - The CCPI price index has decreased due to oil price fluctuations and the seasonal decline in consumption. The index currently stands at 44,033 points, down one percentage point from the previous week [9] - U.S. inventory growth in March was 3.47%, indicating potential future demand decline, which may affect chemical product exports [10] - OPEC's decision to increase production may impact the chemical industry, with a focus on supply-constrained products [11] Fertilizer Market - Potash fertilizer contract prices have risen, with ongoing tight supply and demand conditions expected to maintain high prices. The price for potash contracts in India is $349 per ton, up $70 year-on-year [13][14] Refrigerant and Vitamin Markets - Refrigerant prices are rising due to increased downstream demand, with R32 reaching 51,000 yuan per ton. Vitamin E prices are expected to rise due to low inventory levels and production halts among leading companies [15] Precious Metals Market - Silver prices are rising due to increased tariffs on copper and aluminum, while platinum and palladium prices are influenced by industrial demand fluctuations. The gold market is currently volatile, with attention on potential risks to the U.S. dollar's credibility [18][19] Oil Market - Brent crude oil prices have risen to $66.65 per barrel, with expectations of fluctuations between $63 and $67 in June. Despite OPEC's production increase, global demand remains tight [20]