现货白银盘中涨超4%。银矿公司Avino Silver公司股价涨10%，创8周最大涨幅。 ...

在收涨的七只成分股里，嘉能可（GLN）涨0.52%表现第六，金田公司（GFI）涨1.29%，哈莫尼黄金 （HAR）涨1.86%，英美烟草（BTI）涨2.12%，安格鲁阿山帝黄金（ANG）涨4.3%，沙索（SOL）涨 10.89%。 成分股Valterra铂业（VAL.SJ）收跌5.86%、南非Woolworth控股（WHL）跌5.51%、必得维斯特集团 （BVT）跌4.61%、因帕拉白金控股（IMP）跌4.51%领跌。 周五（6月13日），南非富时/JSE非洲领先40可交易指数收跌1.64%，报87865.89点，脱离6月12日所创 收盘历史最高位89326.22点，逼近6月3日收盘位87181.74点，本周乐基下跌0.84%。 ...

证券研究报告 | 朝闻国盛 gszqdatemark 2025 06 12 年 月 日 朝闻国盛 TMT 拥挤度回落，哑铃型配置或是当下最优解 【轻工制造】谷子经济乘风而起，成长空间广阔——20250611 【电子】芯原股份（688521.SH）-国产算力中坚力量，一站式定制化&IP 领军——20250611 今日概览 ◼ 重磅研报 【金融工程】TMT 拥挤度回落，哑铃型配置或是当下最优解—— 20250611 【建材】东鹏控股（003012.SZ）-零售深耕、现金充沛，存量时代逐步筑 底——20250611 ◼ 研究视点 【有色金属】兴业银锡（000426.SZ）-宇邦矿业储量核实通过评审，银 资源增储超预期——20250611 作者 | 分析师 林志朋 | | | | | --- | --- | --- | --- | | 执业证书编号：S0680518100004 | | | | | 邮箱：linzhipeng@gszq.com | | | | | 行业表现前五名 | | | | | 行业 | 1 月 | 3 月 | 1 年 | | 医药生物 | 9.2% | 7.1% | 10.4% | | 农林牧渔 ...

嘉能可（GLN）则收跌0.23%表现较差，天达证券投资顾问（INP）跌0.26%，哈莫尼黄金（HAR）跌 0.31%，Naspers（NPN）跌0.33%，Prosus（PRX）跌0.43%跌幅第十大，金田公司（GFI）跌0.82%，因 帕拉白金控股（IMP）跌0.87%，安格鲁阿山帝黄金公司（ANG）跌1.53%跌幅第五大，Sibanye Stillwater跌2.67%表现最差。 成分股沙索（SOL.SJ）收涨4.72%，Aspen医药保健控股涨3.56%，耆卫集团（OMU）涨2.42%表现第 三。 周二（6月10日），南非富时/JSE非洲领先40可交易指数收涨0.31%，报88974.29点，时隔两个交易日再 创收盘历史新高。 ...

Group 1: Market Overview - The global silver market is experiencing a significant rise, with silver prices reaching a new high not seen in over a decade, driven by geopolitical tensions, a weakening dollar, and a recovery in global manufacturing [1][2] - As of June 9, 2023, COMEX silver futures prices surpassed $37 per ounce, marking the highest level since February 2012 [2] - The demand for precious metals, particularly silver and gold, has increased due to heightened market risk aversion amid economic downturn pressures and uncertainties in U.S. Federal Reserve policies [2] Group 2: Supply and Demand Dynamics - The World Silver Association's report indicates that silver supply and demand will remain structurally tight in 2024, with a projected demand drop of 3% year-on-year, while industrial silver demand is expected to grow by 4% to 680.5 million ounces [3][4] - Industrial sectors, particularly electric vehicles, 5G communication devices, and semiconductors, are driving the demand for silver, with photovoltaic (solar) applications being a key factor [3] - The report highlights a significant discrepancy in solar silver demand forecasts, with the World Silver Association predicting 195.7 million ounces for 2025, while Montreal Bank Capital Markets estimates 261 million ounces, a difference of 33% [3] Group 3: Investment Trends - Investment demand for silver coins and bars is projected to decline by 22% in 2024, while silver ETFs are not included in the overall demand statistics, indicating a net inflow that could lead to a supply-demand gap of 210.5 million ounces, the second-highest in history [4] - The anticipated supply-demand gap for 2025 is expected to remain significant at 187.6 million ounces [4] Group 4: Mexico's Position - Mexico continues to be the world's largest silver producer for 16 consecutive years, with a notable increase in silver production expected in 2024, contributing over 3.8 million ounces to North America's output growth [5][6] - The rise in silver prices is expected to enhance Mexico's export revenues and fiscal income, while the global manufacturing chain is restructuring, increasing reliance on precious metals for industries like photovoltaics and electric vehicles [5][6] - Challenges for Mexico include aging mining infrastructure, uncertainties in U.S. metal import tariffs, and stricter environmental regulations impacting traditional mining practices [6]

Group 1 - Spot gold experienced a daily decline of 1.0%, priced at $3318.4 per ounce [1] - Gold and silver mining stocks generally weakened, with Harmony Gold down 4%, FSM down over 3.2%, AEM and Newmont Mining down 2.9%, Kinross Gold down 2.8%, Hecla Mining down 2.6%, gold mining stock ETFs down 2.3%, and the gold miners factor index ETF down 1.9% [1] - The yield on the 10-year U.S. Treasury bond maintained an increase of over 7 basis points, stabilizing around a daily high of 4.4777% following the release of the U.S. non-farm payroll report [1] Group 2 - The yield on the 2-year U.S. Treasury bond narrowed its increase to 8.3 basis points, approaching the psychological level of 4%, having risen from around 3.91% to nearly 4.03% after the non-farm payroll report [1] - The U.S. dollar index's increase narrowed to 0.4%, nearing 99.10, while the dollar against the yen maintained an increase of over 0.9%, stabilizing around a daily high of 144.98 [1]

费城金银指数收跌1.28%，报185.38点。成分股普遍收跌，科尔黛伦矿业、埃尔拉多黄金、McEwen矿业 跌2.98%-2.3%表现最差，仅仅First Majestic白银涨0.16%、B2Gold涨0.32%。 周二（4月29日）纽约尾盘，现货黄金下跌0.76%，报3319.25美元/盎司，几乎全天处于下跌状态，亚太 盘初"瞬间"微弱地冲高回落，日内整体交投于3343.97-3299.76美元，4月22日涨至3500.10美元创历史新 高以来，持续高位震荡。 COMEX黄金期货跌0.52%，报3330.20美元/盎司，4月22日涨至3509.90美元创盘中历史新高之后，也持 续交投于3400美元下方。 ...

一个人特别贪财，浅陋无知没有道德，眼中只认得钱，不认感情，爱显财，这种人称为铜臭味太重 。但这有个问题，古今中外，充当货币的东西多了去了，货币最开始主要是贝壳，所以涉及钱的汉字很 多都带有"贝"字，比如货币的"货"，账户的"账"，赌博的"赌"，钱财的"财"，不胜枚举。后来生铁、 铜、白银和黄金都相继充当过货币的主要材料，于是很多涉及货币的汉字又带有金属旁，比如金钱 的"钱"，钞票的"钞"，凡此种种甚多。 这么多货币，金银被人歌颂和追逐，货币被载入光辉的史册，甚至连布匹和纸币都没人骂过，唯独铜却 挂上了罪恶的骂名即铜臭味，铜是不是太冤了？ 铜在我国算是很早就出现了，早在商朝就有青铜器，后来或多或少充当了货币的材料在宋元明时，铜是 货币的主要材料。这在欧洲是没有的事，欧洲人用金币和白银是最多的。铜在我国古代大量充当货币原 因很多，比如我国的冶炼铜的技术非常早又先进，铜矿在我国非常丰富大量被开采，铜也是一种不易生 锈和腐蚀的金属，耐储存，加上古代皇帝和贵族常喜欢把金银收藏起来作为炫耀的资本而不是充当货币 材料，所以自然铁和铜就成为了主要的货币材料， 这种现象叫作劣币驱逐良币， 就像人们习惯于用旧的老的丑的现钞拿去买 ...