据ETOMarkets的消息，12月1日，现货白银史上首次站上57美元/盎司，Comex白银期货同步刷新57.81 美元纪录；伦铜亦不甘示弱，盘中触及11210.5美元/吨，两大工业金属携手飙升，将2024年尾声的大宗 商品市场推向沸点。 本轮狂飙并非简单的货币叙事，而是"全球库存转移＋结构性短缺＋美联储鸽派转向"的三重共振。 中国库存告急，套利点燃导火索 矿山谈判溢价飙升，短缺预期自我强化 供应紧张已传导至长协谈判桌：全球最大铜生产商Codelco拟将2026年发往中国的年度溢价从89美元/吨 大幅提至350美元/吨，涨幅接近300%，凸显冶炼厂对原料保供的焦虑。星展银行据此上调紫金矿业、 MMG目标价，认为中国矿企高自给率将在溢价上行周期中享受双重红利。 降息预期再强化，贵金属乘势而起 美联储理事Waller与纽约联储主席Williams相继放鸽，市场押注12月FOMC再度降息25bp的概率升至 80%。被视为"特朗普鸽派顾问"的KevinHassett成为下届美联储主席热门人选，进一步压低美元与美债 收益率。低利率环境削减持有白银的机会成本，ETF与对冲基金净多仓同步增至四年高位，形成对价格 的二次助推 ...

Group 1 - Comex silver futures surged over 4%, currently priced at $48.27 per ounce [1]

Geopolitical Tensions and Market Impact - The Israeli airstrike on Hamas in Qatar has escalated geopolitical tensions, surprising the U.S. and potentially undermining normalization efforts with Gulf Arab nations [1] - The airstrike may have ended Qatar's role as a mediator in ceasefire negotiations, with other countries like Turkey being put on high alert [1] - Poland's downing of Russian drones has led to heightened tensions, with Poland seeking NATO consultations, which could draw NATO into direct conflict with Russia [3] Precious Metals Market Dynamics - Comex gold futures reached a record high of $3,715.20 per ounce, while silver hit a 14-year high of $42.355 per ounce, driven by geopolitical instability [4] - Increased instability in the Middle East is expected to drive safe-haven demand for precious metals [5] - Major central banks are leaning towards easier monetary policies, with the U.S. jobs growth numbers revised down by 911,000, potentially affecting consumer confidence [6][7] Strategic Mineral Stockpiling - Countries are rushing to stockpile key minerals, with China leading in strategic mineral dominance, prompting other nations to follow suit [10] - The U.S. has initiatives to invest in domestic rare earth mining and processing to reduce dependence on China, while the EU has established a strategic stockpiling program [11] - The trend of stockpiling strategic minerals is likely to continue, positioning both the U.S. and China as major competitors in the rare-earth minerals market, which is bullish for precious metals [12]