贵金属产业日报 2025-11-24 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 研究员: 廖宏斌 期货从业资格号F3082507 期货投资咨询从业证书号Z0020723 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 沪金主力合约收盘价(日,元/克) | 930.32 | 3.38 沪银主力合约收盘价(日,元/千克) | 11808 | 128 | | | 主力合约持仓量:沪金(日,手) | 164620 | 4310 主力合约持仓量:沪银(日,手) | 34 ...

投资咨询业务资格： 证监许可[2011]1771号 研 究 所 晨 会 观 点 精 萃 从业资格证号：F0256916 投资咨询证号：Z0000671 电话：021-68756925 邮箱：jialj@qh168.com.cn 明道雨 从业资格证号：F03092124 投资咨询证号：Z0018827 电话：021-68758786 邮箱：mingdy@qh168.com.cn 刘慧峰 从业资格证号：F3033924 投资咨询证号：Z0013026 电话：021-68751490 邮箱：Liuhf@qh168.com.cn 刘兵 从业资格证号：F03091165 投资咨询证号：Z0019876 联系电话：021-58731316 邮箱：liub@qh168.com.cn 王亦路 从业资格证号：F03089928 投资咨询证号：Z0019740 电话：021-68757092 邮箱：wangyil@qh168.com.cn 冯冰 从业资格证号：F3077183 投资咨询证号：Z0016121 电话：021-68757092 邮箱：fengb@qh168.com.cn 李卓雅 从业资格证号：F03144512 投资 ...

每经AI快讯，11月19日，沪银主力合约日内涨超2%，现报12133元/千克。 ...

投资咨询业务资格： 证监许可[2011]1771号 研 究 所 晨 会 观 点 精 萃 从业资格证号：F3033924 投资咨询证号：Z0013026 电话：021-68751490 邮箱：Liuhf@qh168.com.cn 刘兵 从业资格证号：F03091165 投资咨询证号：Z0019876 联系电话：021-58731316 邮箱：liub@qh168.com.cn 王亦路 从业资格证号：F03089928 投资咨询证号：Z0019740 电话：021-68757092 邮箱：wangyil@qh168.com.cn 冯冰 从业资格证号：F3077183 投资咨询证号：Z0016121 电话：021-68757092 邮箱：fengb@qh168.com.cn 李卓雅 [Table_Report] 分析师 贾利军 从业资格证号：F0256916 投资咨询证号：Z0000671 电话：021-68756925 邮箱：jialj@qh168.com.cn 明道雨 从业资格证号：F03092124 投资咨询证号：Z0018827 电话：021-68758786 邮箱：mingdy@qh168.com.cn ...

Group 1 - The core viewpoint indicates that the recent fluctuations in gold and silver prices are influenced by macroeconomic factors, including the end of the U.S. government shutdown and ongoing economic uncertainties [2][3] - The Shanghai gold futures price reported at 953.20 CNY per gram, with a decline of 0.29%, while the opening price was 967.20 CNY per gram, showing a range between 952.00 CNY and 967.96 CNY during the trading session [1] - The New York gold futures contract decreased by 0.5%, closing at 4,194.50 USD per ounce, while the Shanghai gold futures contract saw a slight increase of 0.11% [3] Group 2 - The U.S. government shutdown's end is expected to negatively impact the fourth-quarter GDP by 1.5%, contributing to a perception of slowing economic growth [2] - The Federal Reserve's internal divisions regarding interest rate policies are evident, with some officials advocating for maintaining restrictive policies while others see reasons for potential rate cuts [2] - The trend of de-dollarization is gaining momentum, as Europe seeks alternatives to the dollar, which may further enhance the demand for precious metals as a safe haven [2]

Group 1 - Precious metals are experiencing a significant price surge, with silver prices reaching a new historical high of over $54 per ounce on November 13, 2023, and the Shanghai Futures Exchange (SHFE) silver contract hitting 12,639 yuan per kilogram [1][4] - The recent rally in precious metals is attributed to a combination of macroeconomic factors, including concerns over the U.S. Federal Reserve's monetary policy amid government shutdowns and geopolitical tensions, particularly regarding Russia and Ukraine [3][4] - Silver has shown a remarkable performance compared to gold, with the gold-silver ratio indicating a strong market preference for silver, suggesting its upward potential [3][4] Group 2 - From September to October 2023, global precious metals saw a substantial increase, with silver prices rising by 53.16% on SHFE, 64.73% on COMEX, and 68.4% in the London Metal Exchange (LME) [4] - The surge in silver prices is driven by extreme shortages in overseas silver supply, influenced by various factors including tariffs, supply chain disruptions, and increased demand from India [4][5] - Global silver demand is projected to reach 35,500 tons in 2024, with industrial demand accounting for 61.8%, particularly from the photovoltaic and electronics sectors [5][6] Group 3 - The supply of silver is expected to remain constrained due to stable mining output over the past two decades and declining ore grades, which increase production costs [6][7] - The demand for silver is expanding, particularly in the electronics sector, with a projected increase of 4.5% in 2024, while investment demand is becoming a key driver for price increases [6][7] - Despite a potential decline in silver jewelry consumption due to economic factors, the overall market for silver jewelry and utensils is expected to remain stable, with a shift in consumer preference from gold to silver [6][7]

北京时间11月13日11:22，金投网行情中心数据显示：内盘白银期货上涨，截至发稿沪银主力最新报 12535元/千克，日内涨幅达5.04%，今日开盘价12092.00元/千克，最高价12569.00元/千克，最低价 12036.00元/千克，成交量975591.00手，上一交易日沪银主力收盘于11934.00，基差为-47。 沪银主力日线MACD指标释放看多信号，KDJ指标释放看多信号，RSI释放看多信号。 comex白银日线MACD指标释放看多信号，KDJ指标释放看多信号，RSI释放看多信号。 外盘白银期货上涨，COMEX白银价格最新报53.94美元/盎司，日内涨幅达1.32%，上一交易日收盘于 53.23美元/盎司，今日开盘价53.27美元/盎司，最高价54.06美元/盎司，最低价52.88美元/盎司，成交量 16435.00手。 【技术分析】 打开APP，查看更多高清行情>> ...

人民财讯11月13日电，国内商品期货收盘涨跌不一，沪银主力合约涨超5%，多晶硅、苹果涨超3%，苯 乙烯、纯苯、沪锡涨超2%。LU燃油跌超4%，燃料油、原油跌超3%。 ...

每经AI快讯，11月12日，国内贵金属期货持续上涨，沪银主力合约涨超3%，现报12295元/千克；沪金 主力合约涨超1%，现报956.12元/克。 ...

国内贵金属期货夜盘持续上涨，沪银主力合约涨超3%，现报12295元／千克；沪金主力合约涨超1%， 现报956.12元／克。 （文章来源：新华财经） ...