HK Stock Market Move | CHI SILVER GP(00815) opened nearly 9% higher. The London market's tightening liquidity directly catalyzed a historic breakthrough in silver prices.

CHI SILVER GP (00815) opened nearly 9% higher and rose 8.97% to HK$0.85 by the time of publication, with a turnover of HK$3.3813 million. On the news front, in the early hours of October 14th Beijing time, the silver market saw a rare short squeeze in nearly half a century. The historical "short squeeze" in the London market intensified, with spot silver prices soaring 3.9% at one point, breaking through $52 per ounce and reaching a new high in decades, far exceeding last week's peak. At the same time, gold continued its eight-week rally, once again breaking historical records, peaking at more than $4115 per ounce. The liquidity squeeze in the London market directly catalyzed the historical breakthrough in silver prices. As a representative indicator of the cost of spot borrowing, the implied lease rate for London silver futures for January has risen to 42.72%, indicating a tight spot silver market. Industry insiders told reporters that this high figure reflects the tightening of physical delivery leading to a short squeeze, as a rare short squeeze is unfolding. Bank of America analysts predict that despite a possible 11% decrease in physical demand by 2026, ongoing supply shortages will still push silver prices up to $65 per ounce, with an average price expectation of $56.25.