麦格理银行发出警告：银价恐即将见顶！

Group 1 - Silver has experienced a significant price increase, maintaining close to a 14-year high, despite failing to sustain an initial breakout above $39 per ounce [1] - Strong industrial demand is a key driver behind the notable supply deficit in the silver market, with investment interest now taking a dominant role [1] - Recent trading data shows a divergence in the silver market, where speculative futures investors are taking profits while ETF investors are increasing their positions [1] Group 2 - The net long position in silver is currently at 42,756 contracts, reflecting a nearly 5% decrease from the previous week [2] - The inflow of funds into global silver ETFs reached 322,000 ounces last week, with total holdings rising to 775 million ounces, the highest level since August 2022 [2] Group 3 - Macquarie remains optimistic about silver but believes the current price surge has limits, raising its price forecast for silver due to increased investor demand [3] - The bank now expects an average silver price of $36 per ounce in Q3, up from a previous estimate of $33, and $35 for Q4, reflecting a 13% increase [3] - Looking ahead to 2026, silver prices are projected to remain above $30 per ounce, with expectations of a peak this summer [3]