Core Viewpoint - The recent decline in the US dollar index and the rise in silver prices are influenced by weak non-farm payroll data, which has heightened expectations for interest rate cuts by the Federal Reserve [1][3]. Group 1: Market Data - The US dollar index is trading around 98.91, while spot silver opened at $36.99/oz and is currently around $36.68/oz [1]. - The SLV silver ETF holdings decreased by 5.65 tons to 15,056.67 tons [2]. - The spot silver price closed at $37.02/oz, up 0.90%, while spot gold rose by 2.23% to $3,362.52/oz [1]. Group 2: Economic Indicators - The US non-farm payrolls for July showed an increase of 73,000 jobs, significantly below the expected 110,000, with prior months' data revised down by 258,000 jobs [3]. - The market is fully pricing in two interest rate cuts by the Federal Reserve by the end of the year due to the disappointing employment data [3]. Group 3: Market Sentiment - The silver market experienced volatility, opening at $38.139 and reaching a high of $38.355 before dropping to a weekly low of $36.181, ultimately closing at $37.008 [4]. - The market sentiment indicates a potential target for silver prices at $37, $37.3, and $37.6, with stop-loss levels set at $36.6 and $36.3 [4].
8月4日白银早评：非农数据远低预期 白银行情或将提振
Jin Tou Wang·2025-08-04 03:00