每经AI快讯，周三（2月11日）纽约尾盘，现货铂金涨2.48%，现货钯金涨0.61%。COMEX铜期货涨 1.27%，报5.9885美元/磅。 ...

周三（2月11日）纽约尾盘，现货 白银涨4.20%，报84.2080美元/盎司，亚太盘初以来持续走高，北京时 间20:00刷新日高至86.3058美元。COMEX白银 期货涨4.42%，报83.935美元/盎司。COMEX铜期货涨 1.27%，报5.9885美元/磅。现货铂金涨2.48%，现货钯金涨0.61%。 ...

周二（2月10日）纽约尾盘，现货 白银跌3.09%，报80.8200美元/盎司。COMEX白银 期货跌2.11%，报 80.495美元/盎司。COMEX铜期货跌0.99%，报5.9035美元/磅。现货铂金跌1.47%，现货钯金跌1.68%。 ...

每经AI快讯，周二（2月10日）纽约尾盘，现货白银跌3.09%，报80.8200美元/盎司。COMEX白银期货 跌2.11%，报80.495美元/盎司。COMEX铜期货跌0.99%，报5.9035美元/磅。现货铂金跌1.47%，现货钯 金跌1.68%。 ...

Core Viewpoint - The precious metals market experienced significant gains, with gold and silver prices rising notably on February 9, indicating a bullish trend in the sector [1]. Group 1: Gold Market - Spot gold increased by 2.01%, reaching $5064.10 per ounce [1] - COMEX gold futures rose by 2.04%, closing at $5081.50 per ounce [1] Group 2: Silver Market - Spot silver surged by 6.98%, priced at $83.2699 per ounce [1] - COMEX silver futures climbed by 7.67%, ending at $82.795 per ounce [1] Group 3: Other Precious Metals - COMEX copper futures saw a rise of 1.31%, priced at $5.9590 per pound [1] - Spot platinum increased by 1.34% [1] - Spot palladium rose by 1.93% [1]

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - The Shanghai copper market opened lower and moved lower, with an intraday decline of nearly 4%. The release dates of the US January non - farm payrolls report and CPI report have been postponed. China's non - ferrous metal industry plans to improve the copper resource reserve system and may have halted some copper smelting projects. In January, the output of electrolytic copper in China increased, but it is expected to decline in February. High copper prices in January suppressed demand, and the terminal new energy market performed poorly. The Chilean National Copper Commission has raised the 2026 copper price forecast. In the short term, the copper market is under pressure due to the approaching holiday demand vacuum and inventory accumulation, but it is expected to be strong in the long - term due to supply tightness [1] 3. Summary by Relevant Catalogs Market Analysis - The Shanghai copper futures opened lower and moved lower, with an intraday decline of nearly 4%. The US has postponed the release of January non - farm payrolls and CPI reports. China plans to improve the copper resource reserve system and may have halted some smelting projects. The 1 - month SMM China electrolytic copper output was 117.93 million tons, with a month - on - month increase of 0.10% and a year - on - year increase of 16.32%. It is expected to decrease by 3.04% month - on - month in February but increase by 8.06% year - on - year. High copper prices in January suppressed demand, and the new energy market was affected by purchase tax, while traditional and power industries showed resilience. The Chilean National Copper Commission raised the 2026 copper price forecast to $4.95 per pound. In the short term, the market is under pressure due to the holiday demand vacuum and inventory accumulation, but strong in the long - term due to supply tightness [1] Futures and Spot Market Conditions - Futures: Shanghai copper opened lower and moved lower, with an intraday decline of nearly 4%. Spot: The spot premium in East China was - 75 yuan/ton, and in South China was - 130 yuan/ton. On February 4, 2026, the LME official price was $13328/ton, and the spot premium was - 81 dollars/ton [3] Supply Side - As of February 3, the spot rough smelting fee (TC) was - 50.3 dollars/dry ton, and the spot refining fee (RC) was - 5.22 cents/pound [8] Fundamental Tracking - Inventory: SHFE copper inventory was 16.07 million tons, an increase of 907 tons from the previous period. As of February 2, Shanghai bonded area copper inventory was 9.03 million tons, a decrease of 0.86 million tons from the previous period. LME copper inventory was 18.06 million tons, an increase of 1925 tons from the previous period. COMEX copper inventory was 58.42 thousand short tons, an increase of 1892 short tons from the previous period [12]

Group 1 - Gold and copper prices have declined, with COMEX gold futures dropping below $4950 and COMEX copper prices falling to $5.82. The non-ferrous metal ETF fund (516650) decreased by 6.07%, with stocks like Silver Holdings and Hunan Gold hitting the daily limit down, while companies such as Luoyang Molybdenum, Northern Copper, and Zhongfu Industrial also saw declines. However, the non-ferrous metal ETF fund has increased by 16.69% over the past month as of February 4, 2026 [1] - The Vice Secretary-General of the China Nonferrous Metals Industry Association, Duan Shaofu, announced the need to improve the copper resource reserve system during a press conference on the economic operation of the non-ferrous metals industry in 2025. Additionally, the U.S. has initiated a $12 billion critical mineral reserve plan ("Project Vault") to mitigate supply chain risks, which includes over 50 critical minerals identified by the U.S. Geological Survey, such as rare earths, lithium, and copper [1] - According to China International Capital Corporation (CICC), inventory replenishment is supporting copper prices, with strong demand for low-priced copper as downstream inventories are low. The upcoming spring peak season, combined with tight supply conditions and low TC/RC levels, is expected to further tighten copper supply and potentially increase copper prices [1] Group 2 - The non-ferrous metal ETF fund closely tracks the CSI segmented non-ferrous metal industry theme index. As of January 30, 2026, the top ten weighted stocks in the CSI segmented non-ferrous metal industry theme index (000811) include Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, China Aluminum, and Huayou Cobalt, with these ten stocks accounting for 51.85% of the total weight [2] Group 3 - The following stocks in the non-ferrous metal ETF fund experienced declines: Zijin Mining (-6.21%, 15.30% weight), Luoyang Molybdenum (-7.98%, 7.92% weight), Northern Rare Earth (-5.48%, 5.30% weight), Huayou Cobalt (-3.71%, 4.69% weight), China Aluminum (-7.22%, 4.39% weight), Ganfeng Lithium (-6.14%, 3.23% weight), Shandong Gold (-6.44%, 3.18% weight), Yun Aluminum (-5.49%, 3.11% weight), Zhongjin Gold (-6.05%, 3.08% weight), and Tianqi Lithium (-6.46%, 2.60% weight) [3]

Group 1 - The core viewpoint of the article highlights significant movements in precious metal prices, with silver experiencing a notable increase [1] - Spot silver rose by 3.62%, reaching $88.2660 per ounce, while COMEX silver futures increased by 5.11%, closing at $87.555 per ounce [1] - COMEX silver futures hit a daily high of $92.015 at 22:06, indicating strong market activity [1] Group 2 - COMEX copper futures saw a decline of 2.77%, settling at $5.9420 per pound, with the drop in prices continuing from 22:00 to 02:00 [1] - In contrast, spot platinum increased by 0.60%, and spot palladium rose by 1.05%, reflecting mixed performance across different precious metals [1]

Group 1 - Gold prices increased by 5.96%, reaching $4939.38 per ounce, with a peak of $4993.63 at 00:39 [1][3] - COMEX gold futures rose by 6.94%, closing at $4975.30 per ounce, hitting a daily high of $5018.10 [1][3] - Silver prices surged by 7.36%, reported at $85.0929 per ounce, with a peak of $89.1655 at 21:46 [1][3] Group 2 - COMEX silver futures saw an increase of 11.05%, closing at $85.505 per ounce, reaching a high of $89.100 at 21:46 [1][3] - COMEX copper futures rose by 4.47%, priced at $6.0960 per pound, following a significant rally after a period of low volatility [1][3] - Platinum prices increased by 4.08%, while palladium prices rose by 1.82% [2]

Core Viewpoint - The precious metals market experienced significant gains, with gold and silver prices rising sharply, indicating strong investor interest and potential shifts in market dynamics [1] Group 1: Gold Market - Spot gold increased by 5.96%, reaching $4939.38 per ounce [1] - COMEX gold futures rose by 6.94%, closing at $4975.30 per ounce, with a daily high of $5018.10 [1] Group 2: Silver Market - Spot silver saw a rise of 7.36%, priced at $85.0929 per ounce [1] - COMEX silver futures surged by 11.05%, ending at $85.505 per ounce [1] Group 3: Other Precious Metals - COMEX copper futures increased by 4.47%, reaching $6.0960 per pound [1] - Spot platinum rose by 4.08% [1] - Spot palladium experienced a gain of 1.82% [1]