白银异军突起强化看涨前景

Core Viewpoint - Silver prices have surged, breaking the $39 mark, with a year-to-date increase of 35%, outperforming gold's 28% rise, driven by supply tightness and rising borrowing costs [2] Group 1: Market Dynamics - Silver prices rebounded from a low of $38.30, reaching a peak of $39.13 before settling around $38.41, indicating strong underlying demand despite profit-taking [1] - The one-month implied annual borrowing cost for silver has jumped to over 6%, significantly higher than the usual near-zero levels, contributing to the price increase [2] - Concerns over U.S. trade policies, particularly the potential for a 30% tariff on silver imports from Mexico, the largest silver producer, have further supported silver prices [2] Group 2: Technical Analysis - Silver is poised to test the $40.00 psychological resistance level, especially if upcoming inflation data or Federal Reserve statements weaken the dollar [3] - The bullish sentiment for silver remains intact as long as it does not fall below the key support level of $37.23, with $40.00 now identified as the next major resistance [4] - Technical traders are targeting a breakthrough of the $40.00 level to challenge long-standing resistance at $44.00, with clear support levels identified at $37.23–$37.32, $36.16, and $35.28 [4]