白银市场供需状况 - 白银市场正面临历史性高位的供应短缺 供应与需求之间存在巨大缺口 [1][2] - 2026年预测显示 白银市场供应短缺量将达到6700万盎司 [1][2] - 短缺涉及的是纯度为999的精细白银 [1][2] 投资需求与持仓 - 交易所交易产品(ETP)的白银持仓总量为13.1亿盎司 [1][2] - 来自投资领域的白银需求达到2.27亿盎司 [1][2] 影响因素 - 地缘政治因素是影响白银市场的重要变量 [1][2]

Silver has closed 2025 as the best-performing asset after a historic 26% surge in December. Yet market participants warn that this rally is not a replay of the Hunt brothers' blow‑off in 1980 or the QE panic in 2011. Back then, with leverage removed, the price could fall back because the metal was available. Today, silver is in a persistent deficit, experiencing surging industrial demand and a tightening geopolitical grip on physical flows. Deficits Make It Different In 1980, the Hunts used leverage to ...