中银国际证券:把握白银基本面变革下的有色板块轮动机遇,布局春躁行情

市场资讯
Dec 14, 2025

来源:中银国际证券股份有限公司金银比修复进行时,白银价格弹性优于黄金,关注A 股有色相关板块轮动机会。近期,国际白银市场迎来历史性行情,现货价格在年内涨幅已超过100%的基础上,于12 月9 日强势突破每盎司60 美元整数关口,创下历史新高。我们在2025 年11 月30 日的点评《金银比修复进行时,布局贵金属轮动机遇》中提示金银比修复正当时。此轮白银上涨并非单纯的资金驱动,而是多重深刻基本面变化...

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