银价急跌向下警惕行情变盘

Core Viewpoint - The silver market is experiencing a temporary decline due to profit-taking, but multiple favorable factors are accumulating, with investors focusing on the upcoming Federal Reserve policy meeting [1][2]. Market Expectations - Investors have raised the probability of a 25 basis point rate cut by the Federal Reserve in December to 87%, a significant increase of 30 percentage points from the end of November, which supports silver prices [2]. - Statements from Federal Reserve officials, including Williams and Waller, have notably softened the hawkish stance, indicating that "the decline in inflation provides room for policy adjustments," further reinforcing market expectations for easing [2]. Economic Data Impact - Recent manufacturing data has fallen short of expectations, increasing pressure for a rate cut [2]. - Investors are closely monitoring upcoming key data releases, including the November ADP employment report and the September Personal Consumption Expenditures (PCE) index, which is the Federal Reserve's preferred inflation measure [2]. Silver Market Analysis - The spot silver market remains strong, with previous fluctuations showing resilience; it dropped from $58.8 to a low of $56.6, but recent trading has created upward space [2]. - The focus for silver prices is on the resistance level at $59 and the support level at $56.5, with potential for a market shift in the coming days [2].