现货白银今年以来涨幅已飙升至50%，直接推动其价格迈入2011年以来的最高区间。而现货黄金在2025年的表现同样亮眼，截 至目前涨幅接近40%。 周一亚洲交易时段，现货白银市场迎来显著突破，价格成功逾越前期高点，处于43.50美元/盎司关口上方。现货黄金虽未出现 突破性上涨，却始终在历史高位区间震荡徘徊。 Gabelli黄金基金投资组合联席经理ChrisMancini分析指出，随着金价持续走高并站稳历史高位，市场赚钱效应将吸引更多散户 投资者关注贵金属板块。而白银相较于黄金更低的入场门槛、更高的潜在涨幅，可能成为散户首选，这部分增量资金将进一步 助推白银价格。 不过，白银尽管与黄金在避险、抗通胀等金融属性上相似，但大量工业应用使其风险特征更突出。白银广泛用于电子、光伏、 半导体等领域，价格走势与宏观经济周期、工业需求变化联系更紧密，一旦全球经济出现衰退迹象或工业需求不及预期，白银 面临的回调压力可能大于黄金。 汇丰银行贵金属分析师JamesSteel在上个月发布的专题报告中就指出，当前白银的购买需求很大程度上受黄金价格上涨带动。 部分投资者此前未能及时把握黄金上涨机遇，或因黄金持仓成本、入场门槛等因素未能充分 ...

Group 1: Market Trends - Recent fluctuations in gold prices have led to a shift in investment focus towards silver and platinum, with silver futures reaching a 12-year high of $35.5 per ounce and platinum futures surpassing $1,000 per ounce, reflecting a year-to-date increase of approximately 10% [1][2] - As of April 29, 2023, spot gold prices fell to around $3,324 per ounce after peaking at $3,500, indicating a significant market correction [1][2] - The Shanghai Futures Exchange reported a slight increase in gold futures, with the main contract closing at 786.98 yuan per gram, while silver futures saw a minor rise of 0.12% [1] Group 2: Consumer Behavior - There is a noticeable shift in consumer interest from gold jewelry to platinum and silver, as consumers find these alternatives more affordable and stylish for everyday wear [1] - Despite a decline in overall gold consumption, demand for investment gold bars remains strong, with a year-on-year increase of 29.81% in gold bar and coin consumption [5] Group 3: Supply and Demand Dynamics - The rise in silver prices is attributed to increasing industrial demand, particularly in photovoltaic and electronic sectors, while platinum prices are recovering due to supply shortages [2][3] - Silver futures inventory has decreased for three consecutive weeks, indicating tightening supply conditions [2] Group 4: Investment Strategies - Analysts suggest that investors should consider adjusting their precious metal portfolios based on the gold-silver ratio to balance risk and return objectives [3] - The ongoing accumulation of gold by central banks is seen as a key factor supporting gold prices, although individual investors are advised to be cautious about the opportunity costs associated with gold investments [5]