消息面上，12月22日，现货白银涨破68美元/盎司关口，刷新历史高点。值得关注的是，自8月下旬以 来，白银价格快速上涨，今年的累计涨幅近130%。国泰君安期货认为，白银成为优质多配品种，2026 年行情必会更为耀眼。一是贵金属长期配置方向和逻辑不改，提供宽松背景；二是白银现货矛盾成为常 态，一旦风险情绪边际改善带来的白银高弹性表现；三是当前海外宏观流动性改善逻辑胜于经济需求 端，商品配置需要"务虚"，离经济基本面定价越远的标的上涨包袱较小，白银正是其中标准代表。 智通财经APP获悉，中国白银集团(00815)涨超5%，截至发稿，涨5.8%，报0.73港元，成交额772.27万港 元。 ...

Group 1: Price Performance - London Gold's latest price is 4337.60 with a change of 4.25 [1] - London Silver's latest price is 65.79 with a change of - 0.51 [1] - London Platinum's latest price is 1924.00 with a change of 18.00 [1] - London Palladium's latest price is 1711.00 with a change of 68.00 [1] - WTI Crude's latest price is 56.52 with a change of 0.37 [1] - LME Copper's latest price is 11809.50 with a change of 95.00 [1] - US Dollar Index's latest value is 98.71 with a change of 0.27 [1] - Euro - US Dollar's latest value is 1.17 with a change of - 0.00 [1] - British Pound - US Dollar's latest value is 1.34 with a change of - 0.00 [1] - US Dollar - Japanese Yen's latest value is 157.73 with a change of 2.17 [1] - US 10 - year TIPS's latest value is 1.92 with a change of 0.04 [1] Group 2: Trading Data - COMEX Silver's latest inventory is 14112.48 with a change of 17.12 [2] - SHFE Silver's latest inventory is 899.64 with a change of - 12.52 [2] - Gold ETF's latest holding is 1052.54 with a change of 0.00 [2] - Silver ETF's latest holding is 16066.24 with a change of 47.95 [2] - SGE Silver's latest deferred fee payment direction is 2, and SGE Gold's is 1, with no change [2]

Group 1 - The A-share market is showing signs of a rebound, with the Shanghai Composite Index up 0.03%, while the Shenzhen Component Index and the ChiNext Index fell by 0.89% and 2.26% respectively [1] - The retail trade sector has seen a significant increase, with a rise of over 6%, making it the top-performing industry this week [2] - The overall average stock price in the A-share market decreased by 0.15%, but a continuous rally starting Wednesday has sparked market sentiment, indicating the beginning of an upward trend [1][3] Group 2 - The central government has emphasized the importance of expanding domestic demand as a key task for the upcoming year, with domestic demand contributing 71% to economic growth in the first three quarters of this year [2] - The hydrogen energy industry is at a critical commercialization stage, with a focus on green hydrogen production relying on renewable energy sources, which is expected to drive growth in the sector [4] - The non-bank financial sector is currently undervalued, and institutions are optimistic about the performance of brokerage firms as market activity picks up [4]

Group 1: Gold Market - Gold prices are trading around $4,340, having surged approximately 1% in a recent session, driven by weak U.S. employment data and expectations of a potential rate cut by the Federal Reserve in 2026 [1] - The technical analysis indicates that gold is holding above the 200-period Exponential Moving Average (EMA) at $4,258, with an upward slope suggesting a sustained upward trend [1] - The MACD indicator is above the signal line and in positive territory, indicating that the upward momentum remains strong, while the Relative Strength Index (RSI) is close to 60, suggesting that the market is not yet in overbought territory [1] Group 2: Silver Market - Silver has reached a historical high of $66.89 but is currently experiencing high-level fluctuations, with the MACD turning positive, indicating increased upward pressure [2] - The immediate support for silver is at the historical high of $64.72, followed by trendline support around $63.35 and a low of $60.87 from December 12 [2] - While short-term adjustments may be expected, silver still holds long-term potential, with the next target levels at the Fibonacci extension of $68.30 and $70.00 [2] Group 3: Cryptocurrency Market - Bitcoin and Ethereum are showing weakness, with multiple rebounds failing to stabilize, indicating a trend of gradually decreasing lows [2] - Following the "1011" crash, the futures leverage in the crypto market has been fully cleared, bringing speculative leverage rates to historical lows, which is seen as a positive signal for the market [2] - The cryptocurrency market is expected to benefit from anticipated U.S. tax cuts, interest rate reductions, and relaxed regulations by 2026, maintaining its long-term growth potential [2]

就认购协议E项下余下5500万股股份的认购(余下认购事项)而言，预期完成将根据有关认购协议的条款 及条件发生。本公司会于必要时就余下认购事项的完成作出进一步公告。 智通财经APP讯，中国白银集团(00815)发布公告，本公司已获得认购协议E(有关认购协议)项下的部分 代价1215万港元(对应将予认购的2700万股股份)。由于有关认购协议所载的先决条件已获达成，于2025 年12月19日，根据有关认购协议的条款及条件，有关认购协议已部分完成(若干认购事项完成)。 ...

就认购协议E项下余下5500万股股份的认购(余下认购事项)而言，预期完成将根据有关认购协议的条款 及条件发生。本公司会于必要时就余下认购事项的完成作出进一步公告。 中国白银集团(00815)发布公告，本公司已获得认购协议E(有关认购协议)项下的部分代价1215万港元(对 应将予认购的2700万股股份)。由于有关认购协议所载的先决条件已获达成，于2025年12月19日，根据 有关认购协议的条款及条件，有关认购协议已部分完成(若干认购事项完成)。 ...

市场焦点还包括即将公布的美国密歇根大学消费者信心指数及加拿大零售销售数据，可能为银价提供新的方向指引。 【最新国际白银行情解析】 国际白银再次在向上倾斜的100小时简单移动平均线(SMA)附近找到相当的支撑，保持买方的控制。它在64.75美元提供 动态支撑，保持在这一上升均线之上将保留看涨基调。移动平均线趋同/背离(MACD)直方图已转为正值并在扩展，表 明MACD线已在零水平附近穿越信号线。动能改善，持续推入正区域将增强上行偏向。 相对强弱指数(RSI)位于56，处于中性至看涨状态，低于超买水平，支持进一步上涨的空间，如果买方保持控制。然 而，日线RSI显示出超伸展状态，这使得在进行任何进一步升值操作之前，等待一些短期盘整或适度回调是明智的。这 反过来表明，白银可能在66.50-66.55美元区域面临一些中间障碍。 今日周五(12月19日)欧盘时段，国际白银目前交投于65.92一线下方，今日开盘于65.44美元/盎司，截至发稿，国际白银 暂报65.66美元/盎司，上涨0.33%，最高触及66.01美元/盎司，最低下探64.46美元/盎司，目前来看，国际白银盘内短线 偏向看跌走势。 【要闻速递】 周四公布的最 ...

数据显示，部分战机曾飞至距委内瑞拉海岸约200公里空域，个别航迹一度接近委首都加拉加斯，最近 距离不足100公里。相关飞机于18日19时左右逐步远离委内瑞拉沿岸。 正值美委关系紧张升级之际。美国总统特朗普近日多次表示，美国可能"很快"采取行动，通过陆路打击 委内瑞拉"毒贩"。 今日周五(12月19日)欧盘时段，纸白银目前交投于14.847一线上方，今日开盘于14.811元/克，截至发 稿，纸白银暂报14.887元/克，上涨0.57%，最高触及14.974元/克，最低下探14.602元/克，目前来看，纸 白银盘内短线偏向看跌走势。 【要闻速递】 美国与委内瑞拉紧张局势的升级可能会推动避险资金流入，支持白银的需求。根据《纽约时报》的报 导，委内瑞拉政府已命令其海军护送从港口运送石油产品的船只。这一举动可能会加剧与美国的对抗风 险，此前特朗普下令对该国的石油产业实施"封锁"。 同日，至少5架美国海军F-18战斗机在加勒比海空域飞行，部分航迹一度接近委内瑞拉首都加拉加斯。 另有两架美军军用飞机同时出现在该地区。 【最新纸白银行情解析】 日图来看，纸白银早盘价格延续上一日跌势，行情高位下跌，目前反弹上涨，价格重回正值区 ...

Group 1 - Precious metals experienced a decline on December 19, with spot gold falling below $4310.00 per ounce, down 0.53% for the day, while spot silver dropped 1.04% to $64.78 per ounce. Platinum fell 1.69%, briefly losing the $1900.00 per ounce mark, and palladium hit a low of $1655.63, down over 1.00% [1] - The A-share precious metals sector also saw declines, with companies like Zhaojin Mining (000506) and Chifeng Jilong Gold Mining (600988) dropping over 3%, while Shandong Gold (600547), Western Gold (601069), Zhongjin Gold (600489), and Hunan Silver (002716) fell more than 2% [1] Group 2 - As of December 18, platinum and palladium futures continued their strong performance, with platinum futures (main contract 2606) closing at 542.65 yuan per gram, up 5.32%, and palladium futures (main contract 2606) at 476.6 yuan per gram, up 6.99%. Both platinum and palladium futures prices have increased by over 20% since December 12 [2] - Analysts attribute the ongoing rise in platinum and palladium futures prices to a combination of fundamental supply shortages and heightened market sentiment [2] Group 3 - Guosen Futures noted that overseas spot shortages and increased bullish sentiment in the metals sector have driven significant increases in platinum and palladium futures prices. The rapid rise in platinum prices is largely due to strong market bullish expectations, while supply shortages remain a long-term issue [3] - The World Platinum Investment Council stated that the recent rise in platinum futures prices is the result of multiple factors, primarily driven by ongoing supply shortages, growing demand, and an improving macroeconomic environment [3] - CITIC Futures indicated that the tight fundamentals will provide strong upward momentum for platinum prices, with structural demand expansion expected to continue. The supply-demand gap for platinum is projected to widen to 46.4 tons by 2025 and approximately 37.9 tons by 2026 [3]

Market Overview - The S&P 500 index has experienced four consecutive declines, primarily driven by large technology stocks[1] - Major U.S. indices collectively fell, with the Nasdaq down nearly 2%[9] - The S&P 500 closed at 6,800, reflecting a decline of 1.16% for the day and a year-to-date increase of 14.28%[3] Hong Kong Market Performance - The Hong Kong stock market showed a significant recovery in the afternoon, with major indices rebounding after two consecutive days of decline[9] - Large technology stocks such as Meituan and Kuaishou rose nearly 2%, while Tencent and Alibaba increased over 1%[9] - The financial sector saw a collective rise, with China Life Insurance up over 4% and CITIC Securities up over 3%[9] Sector Highlights - Precious metals stocks strengthened, with China Silver Group rising over 7% due to a weaker dollar and expectations of interest rate cuts, pushing silver prices above $66 per ounce[9] - The aviation sector saw gains, with China Southern Airlines up over 5% as ticket bookings surged ahead of the New Year holiday[9] - The lithium battery sector also rose, driven by a significant increase in lithium carbonate futures prices, with Tianqi Lithium up 5.83%[9] Economic Indicators - Japan's November exports grew by 6.1% year-on-year, exceeding market expectations, with a trade surplus of 322.2 billion yen[13] - The U.S. Treasury yields have shown fluctuations, impacting market sentiment and investment strategies[18]