金银多年来罕见暴跌！盘中黄金跌超6%，白银跌近9%，华尔街拉响回调警报

Core Viewpoint - The precious metals market experienced a significant downturn after a period of record highs, with gold and silver facing their largest daily declines in years, driven by multiple factors including a strong dollar and reduced safe-haven demand [1][4][7]. Price Movements - Gold prices fell approximately 6.3% to around $4082, marking the largest daily drop since April 2013, while New York futures dropped to $4093, down 6.1% [1]. - Silver prices dropped nearly 8.7% to below $47.90, the largest intraday decline since February 2021, with New York futures falling to $47.12, down about 8.3% [4]. Market Pressures - The decline in precious metals was influenced by expectations of easing trade tensions, a strengthening dollar, overbought technical indicators, and opaque investor positions, which collectively ended the previous upward trend [7]. - The ongoing U.S. government shutdown has resulted in a lack of critical positioning data, increasing uncertainty in the market [8]. Speculative Positions - Analysts noted that speculative long positions in gold and silver may have accumulated significantly, making them more susceptible to corrections [9]. - The absence of weekly positioning reports from the Commodity Futures Trading Commission (CFTC) due to the government shutdown has allowed speculators to build large one-sided positions [8][9]. Analyst Perspectives - Some analysts believe that despite the sharp declines, the fundamental factors supporting precious metals remain intact, suggesting potential buying interest may limit further corrections [7][10]. - There is a divergence in analyst opinions, with some indicating that the recent price drop may not be detrimental, while others caution that momentum could eventually fade, leading to increased selling pressure if U.S. economic data exceeds expectations [10]. Silver Market Dynamics - The silver market, which has surged nearly 80% this year, is also experiencing significant declines, influenced by macroeconomic factors and historical market tightness [11]. - Recent data indicated the largest single-day outflow of silver from warehouses associated with the Shanghai Futures Exchange since February, alongside a decrease in New York inventories [12].