2025年12月30日夜，纽约白银期货暴涨超10%。 分析师发现，驱动力量已从美联储转向了全球工厂。 一个持续多年的供应短缺，正被突然爆发的需求点 燃。 2025年12月30日夜里，金融市场的行情让很多交易员都看懵了。 前一天刚经历"黑色星期一"暴跌的白银，不仅没有继续下跌，反而上演了一出绝地反击。 纽约白银期货价格从低点一路暴力拉升，盘中最高涨幅达到了10.79%，价格冲到了每盎司78美元。 到收盘时，价格定格在76美元，单日涨幅7.88%。 这意味着什么？ 前一天白银开盘价大约是77美元，然后大跌。 仅仅过了一个晚上，价格不仅完全收复了失地，还差点创出新高，距离历史高点只差大约4美 元。 白银用一天时间，走完了一个"深V"反转，把前一天做空的人全部"闷杀"。 这种弹性和多头反扑的凶狠程度，在近期市场里非常罕见。 就在白银疯狂表演的同时，它的"老大哥"黄金却显得有些力不从心。 纽约黄金期货在夜里也曾试图上涨，一度突破了每盎司4400美元的关口。 然而，这股 上涨的力量没能持续，价格随后震荡回落，最终收盘时又回到了4300美元附近。 黄金这种"冲高回落、原地踏步"的走势，与白银的一骑绝尘形成了刺眼的 对比。 ...

本文源自：金融界AI电报 周三纽约尾盘，现货白银跌6.16%，报71.5733美元/盎司，12月份累计上涨26.69%，12月29日涨至 84.0075美元创历史性新高，2025年累计上涨147.95%。COMEX白银期货跌9.10%，报70.830美元/盎 司，12月份累涨23.92%，12月29日涨至82.670美元创盘中历史新高，全年累涨约128.47%。COMEX铜 期货跌0.91%，报5.6955美元/磅，12月份累涨7.97%，12月29日达到5.9235美元，全年累涨36.77%。现 货铂金跌5.40%，报2062.75美元/盎司，全年累涨127.04%；现货钯金跌0.36%，报1619.08美元/盎司，全 年累涨约77.51%。 ...

Group 1 - The core focus of the news is the volatility in precious metals, particularly silver, which experienced significant fluctuations in both domestic and international markets [1][2] - Domestic silver funds showed a slight increase of 0.75% at the close after a dramatic trading session, while New York silver futures initially surged by 7% before experiencing a sharp decline [1] - The trading day saw New York silver futures fluctuate over 10%, with a notable drop of 1.77% after reaching a peak of $82.67 [1] Group 2 - The decline in silver futures led to a broader sell-off in precious and base metals, indicating a market-wide reaction to the volatility [2] - The Chicago Mercantile Exchange announced an increase in margin requirements for various metals, including gold and silver, which is seen as a catalyst for the recent price drops [4] - Historical context is provided, referencing the 1980s incident involving the Hunt brothers, where increased margin requirements led to a significant drop in silver prices, although current market conditions differ due to global inflation [4][5]

欢迎分享给你的朋友！ 出品 | 中国能源报（c n e n e rg y） 责编 | 李慧颖 纽约白银期货和伦敦白银现货价格狂飙后跳水。 1 2月29日，本周第一个交易日亚洲交易时段，贵金属价格波动加剧，纽约白银期货和伦 敦白银现货价格均涨破每盎司80美元整数关口，再创盘中新高，随后价格短线跳水，伦敦 白银现货价格由涨超5%转为跌超2%。近期，白银价格快速上涨过程中包含大量投机头 寸，短期大幅波动的风险较大。 来源：央视财经微信公众号 End ...

2025.12.24 当地时间24日，市场避险情绪升温、黄金ETF持仓量增加以及投资者对美联储降息前景的乐观预期等因 素，推动国际金价继续上涨。24日亚洲交易时段，伦敦现货黄金价格盘中突破每盎司4500美元，刷新历 史纪录。 与此同时，国际银价也维持涨势。纽约白银期货以及伦敦现货白银价格均升破每盎司72美元关口，同样 创下历史新高。 美联储降息预期升温，抬高贵金属资产吸引力 近期，国际金价、银价齐创新高，导致金价和银价双双走高的驱动因素是什么？ 在投资者避险情绪高涨的背景下，今年以金银为代表的贵金属成了表现最亮眼的资产之一。 明年二月到期的COMEX黄金期货今年迄今为止已经上涨超70%。而明年三月到期的COMEX白银期 货，今年以来已经上涨约137%，涨幅几乎是黄金的两倍。 原因之一，是在上周一系列美国经济数据公布之后，市场开始加大对2026年美联储降息的押注，目前普 遍预期明年可能会降息两次。而一旦利率继续走低，债券以及货币市场基金中现金类资产的收益率就会 被进一步压缩，这也在相对意义上，抬高了黄金、白银等实物资产的吸引力。 本文字数：1143，阅读时长大约2分钟 来源 | 央视财经 全球央行购金推动国际金 ...

美联储降息预期升温 抬高贵金属资产吸引力 近期，国际金价、银价齐创新高，导致金价和银价双双走高的驱动因素是什么？ 在投资者避险情绪高涨的背景下，今年以金银为代表的贵金属成了表现最亮眼的资产之一。 明年二月到期的COMEX黄金期货今年迄今为止已经上涨超70%。而明年三月到期的COMEX白银期 货，今年以来已经上涨约137%，涨幅几乎是黄金的两倍。 原因之一，是在上周一系列美国经济数据公布之后，市场开始加大对2026年美联储降息的押注，目前普 遍预期明年可能会降息两次。而一旦利率继续走低，债券以及货币市场基金中现金类资产的收益率就会 被进一步压缩，这也在相对意义上，抬高了黄金、白银等实物资产的吸引力。 当地时间24日，市场避险情绪升温、黄金ETF持仓量增加以及投资者对美联储降息前景的乐观预期等因 素，推动国际金价继续上涨。24日亚洲交易时段，伦敦现货黄金价格盘中突破每盎司4500美元，刷新历 史纪录。 与此同时，国际银价也维持涨势。纽约白银期货以及伦敦现货白银价格均升破每盎司72美元关口，同样 创下历史新高。 其二，资深大宗商品分析师杰夫·柯里表示，这一轮金银上涨受到了货币贬值交易的驱动。分析指出， 对于发达国家 ...

编辑：王一帆 白银期价在周一（22日）延续强劲涨势，受美联储降息、供应紧缺、投资需求和工业需求显著增加等因 素综合影响，白银价格近期屡创新高，周一收盘再创历史新高。截至收盘，纽约商品交易所明年3月交 割的白银期价收于每盎司68.565美元，涨幅为1.59%。 （总台央视记者 高岩） ...

12月11日，纽约白银期货延续强势走势，盘中最高触及63.25美元/盎司，截至15时31分报62.355美元/盎 司，较前一交易日上涨1.326美元，涨幅达2.17%。今年以来，纽约白银期货累计涨幅已超112%，并在 美联储降息落地后刷新历史新高，成功站稳62美元关口。 "相较于国际金价今年以来60%左右的涨幅，目前白银年内累计112%的涨幅确实遥遥领先，铂金和钯金 年内累计涨幅分别为84.30%和64.26%。虽然本轮白银大涨行情的直接导火索是美联储的货币政策会 议，但更为关键的结构性驱动力来自于供应端的剧烈收缩。"北京黄金经济发展研究中心研究员许亚鑫 接受《华夏时报》记者采访时表示。 金银比修复暗藏机会 "今年年初以来，不仅纽约白银期货价格涨幅达112%，国内沪银期货价格涨幅也达92.43%。尤其是近一 个月，在美国财政扩张下的通胀预期以及全球光电产业链对白银的需求缺口支撑下，白银期货成为年内 涨幅最高的品种。"光大期货分析师赵复初接受《华夏时报》记者采访时表示。 随着白银创历史新高，参与白银投资的群体也趋于多样化。对此，赵复初表示，个人和机构投资者都是 白银交易的参与者，国内白银没有明确区分个人和机构投 ...

Core Viewpoint - The silver futures market has shown a strong upward trend, with a year-to-date increase of over 112%, significantly outperforming gold and other precious metals, driven by supply constraints and monetary policy changes from the Federal Reserve [3][4][9]. Group 1: Silver Market Performance - As of December 11, New York silver futures reached a high of $63.25 per ounce, closing at $62.355, marking a daily increase of $1.326 or 2.17% [3]. - The year-to-date increase in silver futures has surpassed 112%, while gold has seen around a 60% increase, and platinum and palladium have increased by 84.30% and 64.26%, respectively [3][4]. - The domestic silver futures market has also seen a significant rise, with a 92.43% increase since the beginning of the year [4]. Group 2: Supply and Demand Dynamics - The World Silver Association projects a global silver demand of at least 35,000 tons by 2025, with 80% attributed to industrial use, particularly in the photovoltaic sector [9]. - A supply deficit of over 6,000 tons is anticipated due to production constraints, as the total silver supply is estimated at 29,000 tons [9]. - The ongoing demand from the photovoltaic, electric vehicle, and data center sectors is expected to sustain silver demand growth, while supply remains limited [9]. Group 3: Federal Reserve's Monetary Policy - The Federal Reserve's recent decision to cut interest rates by 25 basis points has led to a decrease in the dollar index and a drop in 10-year Treasury yields, which supports the holding costs for gold and silver [6][7]. - Internal divisions within the Federal Reserve regarding future rate cuts have been noted, with some officials advocating for significant cuts while others prefer a more cautious approach [7][8]. - The Fed's economic forecasts indicate a more positive outlook compared to previous predictions, suggesting that the necessity for substantial rate cuts may be lower [7][8]. Group 4: Investment Trends - The participation in silver trading has diversified, with both individual and institutional investors actively involved, although individual investors tend to enter the market later than institutions [4]. - The iShares Silver Trust has seen significant inflows, with approximately $1 billion entering the ETF recently, surpassing inflows into the largest gold fund [9]. - Analysts predict that silver prices may continue to rise, with some forecasts suggesting a potential price of $100 per ounce by the end of next year, driven by strong industrial demand and tight supply [11].

Group 1: Precious Metals Market Overview - International gold prices have risen significantly, with spot gold reaching $4218.55 per ounce and COMEX gold futures at $4256.4 per ounce as of the morning of the 29th [1] - Silver prices have also surged, with spot silver breaking the $56 per ounce mark, and New York silver futures closing at $57.16 per ounce, marking a 6.6% increase [3] - Copper prices have hit a record high, with LME copper rising nearly 2.5% to $11,210.50 per ton [3] Group 2: Market Influences and Predictions - Expectations for a Federal Reserve interest rate cut have increased, with the probability of a December rate cut rising from about 50% to nearly 90%, contributing to the rebound in gold prices [5] - The World Silver Association forecasts that global silver mining supply will remain flat at 813 million ounces in 2025, while demand is expected to decline by 4% to 1.12 billion ounces [5] - A resource company executive indicated that silver supply is expected to remain short in 2026, which will support silver prices [5] Group 3: Future Price Projections - Goldman Sachs has reiterated its target for gold prices to reach $4900 per ounce by the end of 2026, driven by central bank purchases and declining interest rates [8] - UBS strategists believe there is further upside potential for silver prices in the coming year, raising their forecast by $5 to $8 per ounce, with expectations for prices to reach $60 per ounce by 2026 [8] - Overall, the precious metals market is expected to continue a strong oscillating trend in the short term, with technical indicators suggesting potential upward movement for silver prices [8]