分析人士：建议对贵金属保持长线交易思路

Core Viewpoint - The precious metals market is experiencing significant volatility due to trade negotiations, geopolitical situations, and macroeconomic policies, with gold and silver prices showing divergent trends [1][2]. Group 1: Market Dynamics - Gold prices are facing resistance at previous highs, while silver prices have reached a 13-year high, driven by industrial demand and geopolitical factors [1]. - The recent U.S. economic indicators, including a contraction in manufacturing and services PMI, alongside slowing non-farm employment data, have heightened concerns about inflation and recession [1][2]. - The European Central Bank's monetary easing has led to a recovery in manufacturing, boosting industrial demand for metals [1]. Group 2: Investment Sentiment - The market is currently focused on three main aspects: U.S. government trade conflict stance, Federal Reserve's interest rate policy, and geopolitical tensions, all of which influence gold prices [2]. - China's central bank has increased its gold reserves for the seventh consecutive month, although the pace of accumulation has slowed [2]. Group 3: Price Predictions and Strategies - The gold-silver ratio has increased due to rising gold prices, leading to a shift in investment towards silver, which is expected to see strong upward momentum due to industrial demand [3]. - Predictions indicate that silver industrial demand could reach a historical high of 680.5 million ounces in 2024, with stable demand expected in 2025 [3]. - Analysts suggest maintaining a long-term trading strategy for precious metals, advising investors to buy on price dips and utilize derivatives for risk hedging [3][4].