国信期货：降息预期持续发酵 白银将维持高位震荡

Group 1: Silver Futures Market Performance - On December 5, the main silver futures in Shanghai reported at 13,687 yuan per kilogram, with an increase of 0.45%, opening at 13,382 yuan per kilogram, reaching a high of 13,750 yuan and a low of 13,232 yuan [1] Group 2: Macroeconomic News - The number of initial jobless claims in the U.S. fell to 191,000, the lowest in over three years, significantly below economists' expectations of 220,000, alleviating concerns about the labor market but not altering expectations for a Federal Reserve rate cut next week [1] - Investors are closely watching the upcoming U.S. September PCE price index report, which is expected to cause significant market fluctuations [1] Group 3: Institutional Perspectives - Guoxin Futures suggests that precious metals may maintain a high-level oscillation pattern due to ongoing rate cut expectations and short-term technical adjustment pressures, with key support for gold at $4,200 per ounce and silver at $57 per ounce [1] - Jinrui Futures notes that current tight supply is pushing silver prices higher, with long-term core drivers for gold and silver prices remaining robust despite short-term adjustments [2] - Dayue Futures indicates that supply shortage dynamics are cooling, leading to a price pullback, but expectations of a Federal Reserve rate cut and optimistic views on Russia-Ukraine negotiations continue to support silver prices [2]