白银价格剧烈波动 - 现货白银价格在2025年1月10日当日最深下跌16%，中断了两日的反弹，最终下跌13%至每盎司76.97美元 [1] - 纽约商品交易所的白银期货价格下跌超过8%，至每盎司77.28美元 [1] - 白银价格在暴跌前曾经历破纪录的上涨，但在上周五（2025年1月5日左右）暴跌近30% [2] 价格驱动因素与市场动态 - 近期白银价格剧烈波动的主要驱动力是投机资金流、杠杆头寸和期权驱动交易，而非实物需求 [2] - 高盛分析指出，价格下跌导致交易商对冲行为从“上涨时买入”转变为“下跌时卖出”，触发了投资者的止损单，导致损失在系统中蔓延 [2] 年度价格表现 - 根据伦敦证券交易所集团的数据，截至2025年1月上旬，白银价格在2025年内累计上涨了约146% [2]

Silver and Bitcoin have spent much of the past decade being discussed in the same breath, often framed as parallel alternatives to fiat money and beneficiaries of macro stress. That story is currently being put to the test, as the two assets are drifting in wildly different directions in late January 2026, indicating how investors are now valuing them as a vastly different trade in a tightening financial environment. Silver shot to a fresh all-time high on Thursday and briefly hit over $121 per ounce, o ...