Core Viewpoint - Silver prices reached a 14-year high on Wednesday but lacked sufficient buying support for further gains [1][3]. Group 1: Market Performance - On September 3, during the Asian trading session, spot silver hit a new high of $40.97 per ounce before slightly retreating [3]. - The price of silver in the European market attempted to rise again but failed to break through, currently trading around $40.70, down nearly 0.50% for the day [3]. - The Shanghai Huatong platinum-silver standard price reported at 9814 yuan per kilogram, an increase of 51 yuan per kilogram from the previous trading day [4]. Group 2: Influencing Factors - Increasing acceptance of a potential interest rate cut by the Federal Reserve this month continues to drive silver prices [3]. - Ongoing uncertainties related to trade are also contributing to silver's strong performance as a safe-haven asset [3]. Group 3: Technical Analysis - The daily Relative Strength Index (RSI) shows slight overbought conditions, prompting some profit-taking near current silver prices [2][6]. - A strong breakthrough above the psychological level of $40 could trigger further bullish trading, while a drop below $40.00 may lead to a decline towards the support area of $39.50 [6]. - If the support at $39.50 is decisively broken, silver prices could accelerate down to the $39.00 level and potentially reach the $38.50-$38.40 range [6].
美联储降息以及避险需求推动,银价刷新历史新高至41美元下方
Sou Hu Cai Jing·2025-09-03 09:18