The 2025 global precious metals market rally is indeed worth paying attention to. Silver has recently been the most explosive—surging over 10% in a single day to reach $79, and domestic Shanghai silver also staying above 19,000 yuan. This is not a fleeting rebound; the year-to-date increase has already exceeded 170%, easily outpacing gold.

What's even more interesting is that this rally has driven the entire precious metals ecosystem. Gold has hit new highs 50 times this year, Shanghai copper has broken the 100,000 yuan mark for the first time, and aluminum prices are steadily rising in a supply-demand balanced environment. The simultaneous advancement of the four major metals is truly rare in modern financial history.

The driving forces behind this are also quite clear. LBMA deliverable silver inventories are at extremely low levels, indicating strong actual demand from the industry. The US dollar credit is loosening, geopolitical uncertainties persist, and the explosive growth in demand for copper and aluminum driven by new industries like new energy and semiconductors has compounded these factors, creating the current supply-demand imbalance.

From the secondary market perspective, copper companies like Beijiate and Jiangxi Copper, aluminum giants such as China Aluminum and Yunnan Aluminum, precious metals firms like Shandong Gold and Chifeng Gold, as well as silver concept stocks like Hunan Silver and Yuguang Gold & Silver, are all benefiting from this rally. Rising prices are boosting performance, and valuations are climbing accordingly. For investors, this is both a moment to witness a market inflection point and a window to explore structural opportunities. The potential of these assets may not yet be fully unleashed.