OEXN:贵金属市场风险信号显现

Group 1 - Recent signals in the precious metals market indicate that gold, silver, platinum, and palladium have entered a severely overbought territory according to key technical indicators, reflecting heightened short-term speculative sentiment among investors [1][3] - Silver's price movement is particularly noteworthy, having recently surpassed $51 per ounce, with multiple risk signals emerging shortly thereafter. The Relative Strength Index (RSI) has remained high since August, and market volatility has reached a 14-year high [1][2] - The futures curve inversion has intensified market risks, with 12-month and longer-term CME contract prices trading below spot prices, indicating pressure between market expectations and the spot market [2] Group 2 - Gold prices are currently about 20% above long-term trends, while platinum and palladium have also shown similar overbought characteristics. This high level typically precedes corrections, suggesting potential for significant adjustments [3] - The physical silver market is under pressure, with futures contracts showing a clear inversion until 2027, and COMEX inventories reaching a historical high of 532 million ounces, contrasting with a decline in LBMA inventories [2] - Overall, the current high overbought conditions in the precious metals market, along with extreme technical states, warrant caution among investors, although a long-term bullish trend remains [3]