12月9日白银晚评：聚焦资产负债表战略方向 白银整体偏向多头

Core Viewpoint - The current state of the silver market is influenced by the Federal Reserve's recent monetary policy changes, particularly the end of balance sheet reduction and the implications for liquidity in the banking system [3] Group 1: Silver Price and Market Dynamics - As of December 9, the spot silver price is trading at $58.45 per ounce, with a daily range between $57.56 and $58.48 [1] - The silver trading strategies indicate a bullish trend as long as prices remain above the 20-day exponential moving average (EMA) at approximately $54.73 [4] - A potential breakout above the key resistance zone of $59.89–$60.20 could lead to a parabolic rise towards $63 [4] Group 2: Federal Reserve and Economic Indicators - The Federal Reserve officially ended its balance sheet reduction on December 1, leading to a decrease in bank reserves to historically tight levels [3] - The anticipated Reserve Management Purchase (RMP) plan may begin as early as January 2026, with expected monthly purchases of approximately $35 billion in Treasury securities [3] - Market expectations suggest that the upcoming Federal Open Market Committee (FOMC) meeting will likely feature hawkish rhetoric, which may temporarily support the dollar and suppress silver prices [3]