金荣中国：白银亚盘再创新高，轻仓追涨或者回落多单布局

Fundamental Analysis - Silver prices have surged by 70% this year, significantly outperforming gold's 50% increase, making it a focal point in the precious metals market [1] - Goldman Sachs analysts warn that the foundation for silver's price increase is unstable, primarily driven by expectations of Federal Reserve rate cuts and short-term capital inflows [1][4] - Silver's market size is only one-ninth that of gold, leading to greater price volatility due to capital flows [4] Market Dynamics - The gold-silver ratio has increased from 84.7 last year to approximately 102, indicating gold's relative strength amid recession risks and slowing demand for silver in industrial applications [3] - Central banks have significantly increased gold purchases, boosting its price, while silver lacks similar support, making it more susceptible to market sentiment fluctuations [3][4] - Recent geopolitical tensions, such as President Trump's announcement of 100% tariffs on Chinese imports, have further fueled demand for precious metals [1] Price Trends - As of the latest data, spot gold is priced around $4159 per ounce, while spot silver is at $53.32 per ounce [4] - Silver prices have risen over 35% since the end of August, partly due to low inventory levels in London, the global physical silver trading center [4] Technical Analysis - Current silver market conditions indicate a price consolidation phase, with support around $48.05 and potential trading strategies involving light positions [8] - The MACD indicator shows a downward trend, suggesting caution in trading activities as market activity appears to be diminishing [8]