银在2025年创下了创纪录的51.38/oz, Silver hit a record $51.38/oz in 2025, surging 70% on safe-haven demand and rate cut hopes, but faces higher volatility than gold.

银在2025年飙升超过70%, 创下创纪录的每盎司51.38美元, 由安全港需求和美联储削减利率的预期所驱动, Silver surged over 70% in 2025, hitting a record $51.38 per ounce, driven by safe-haven demand and expectations of Federal Reserve rate cuts, amplified by a new 100% tariff on Chinese imports. 然而,Goldman Sachs警告银子由于市场小、流动性小、依赖工业使用和投机以及缺乏中央银行的支持,比黄金面临更大的近期波动和下滑风险。 However, Goldman Sachs warns silver faces greater near-term volatility and downside risk than gold due to its smaller, less liquid market, reliance on industrial use and speculation, and lack of central bank support. 与黄金不同,黄金受益于机构需求和基金组织储备的融入,银缺乏结构性支持,对供应冲击和情绪转变更加敏感,容易发生价格更剧烈波动。 Unlike gold, which benefits from institutional demand and inclusion in IMF reserves, silver lacks structural backing and is more sensitive to supply shocks and sentiment shifts, making it prone to sharper price swings.