国际白银行情继续震荡 官员对降息持有不同意见

Core Viewpoint - The international silver market experienced fluctuations due to renewed discussions within the Federal Reserve regarding interest rate cuts, with silver prices closing at $38.82 per ounce, up 1.81% on August 22, 2025 [1][2]. Silver ETF Holdings - As of August 22, 2025, silver ETF holdings increased to 15,288.82 tons, up by 11.30 tons from the previous trading day, indicating a rise in buying sentiment and a bullish outlook for silver prices [2]. Federal Reserve Discussions - Key Federal Reserve officials, including Atlanta Fed President Bostic and Kansas City Fed President George, expressed differing views on the economic outlook and the necessity of interest rate cuts, with a general hawkish tone impacting expectations for a September rate cut [2][3]. - Bostic anticipates only one rate cut in 2025, citing economic uncertainty and a slightly restrictive federal funds rate [3]. - Kansas City Fed President George emphasized the need for caution regarding rate cuts due to inflation remaining above the Fed's 2% target, indicating that the current inflation rate is closer to 3% [3][4]. - Chicago Fed President Goolsbee expressed hesitation about immediate rate cuts, noting rising service sector inflation as a potential "danger signal" [4]. Market Analysis - The international silver market is expected to continue its upward trend, with key resistance levels at $38.30 and $38.65, while support levels are identified at $37.90 and $37.70 [5].