Core Insights - The silver futures market shows a closing price of 13,424 yuan per kilogram on December 4, with a daily decline of 1.42% and a trading volume of 2,280,887 contracts [1] - The Shanghai silver spot price is quoted at 13,685 yuan per kilogram, indicating a premium of 261 yuan per kilogram over the futures price [3] - Market expectations for a Federal Reserve interest rate cut are high, with an 89% probability indicated by the CME FedWatch tool, influenced by a significant drop in U.S. private sector employment [3] Market Dynamics - The iShares Silver Trust, the largest silver ETF globally, has increased its holdings by 135.4 tons, bringing the total to 15,998.55 tons [4] - The silver market is experiencing a structural reversal between Shanghai and New York, with strong domestic sentiment and supply shortages driving prices higher [5] - The premium for Shanghai silver has narrowed to 340 yuan per kilogram, reflecting robust market conditions ahead of the Federal Reserve meeting [5]
【白银期货收评】沪银日内下跌1.42% 降息预期仍支撑银价
Jin Tou Wang·2025-12-04 08:04