8月4日白银晚评：内部分歧引发政策猜测 银价瞄准37.50阻力位

Core Viewpoint - The article discusses the current state of the silver market, highlighting price movements and the implications of recent Federal Reserve decisions on economic outlook and monetary policy [1][3][4]. Market Overview - As of August 4, 2025, the spot silver price is at $37.34 per ounce, with a trading range between $36.66 and $37.39 during the day [1][2]. - The silver market is experiencing fluctuations, with key support levels identified at $36.75 and $36.55, and resistance levels at $37.20 and $37.50 [5]. Federal Reserve Insights - The dissenting votes from Fed governors Bowman and Waller mark a significant internal division within the Federal Reserve, the first of its kind since late 1993, indicating differing views on employment and economic forecasts [3]. - Cleveland Fed President Mester expresses confidence in the Fed's decision to maintain interest rates, despite disappointing employment data, emphasizing the need to monitor future employment figures and inflation [3]. Political Influence - Former President Trump’s criticism of Fed Chair Powell and calls for significant interest rate cuts add complexity to the Fed's policy discussions, although internal Fed responses have been largely dismissive [4]. - The dynamics within the Fed, including potential future leadership changes, are influenced by these political pressures, but the overall policy direction remains focused on inflation concerns stemming from trade policies [4]. Technical Analysis - The technical outlook for silver suggests a cautious approach, with the price remaining below a recently broken upward channel, indicating a neutral to bearish sentiment [5]. - Key indicators such as the Relative Strength Index (RSI) and Average Directional Index (ADX) suggest a weak trend, with potential for consolidation in the short term [5].