Fundamental Analysis - Spot silver traded around $61.85 per ounce, with a peak increase of 1.44% to $62.87 per ounce, marking three consecutive days of record highs this week [1] - The latest Federal Reserve policy statement indicates a pause in rate cuts, awaiting clearer guidance from employment and inflation data [1] - Silver's performance has been particularly strong, rising nearly 3% to close at $63.54 per ounce, approaching an intraday high of $64.29, which is a historical peak [1] - Silver's dual role as both an industrial metal and a safe-haven asset is driving its price increase, supported by global manufacturing recovery expectations and heightened risk aversion [1] Market Dynamics - The strong momentum in silver reflects market concerns over inflation and economic uncertainty, highlighting signs of recovery in the precious metals sector [3] - Silver's higher volatility compared to gold provides upward momentum for gold prices, creating a complementary upward trend [3] - Geopolitical risks, including U.S. involvement in Ukraine and tensions in Venezuela, are providing additional support for gold prices [3] Currency Impact - The weakening U.S. dollar has been a key driver for gold prices reaching new highs, with the dollar index dropping to a near two-month low of 98.13 [4] - The relative dovish stance of the Federal Reserve compared to other central banks has contributed to the dollar's decline, making gold cheaper for international buyers [4] - Institutional investments in gold and silver ETFs are expected to increase demand, particularly following regulatory changes in India allowing pension funds to invest in these assets [4] Employment Data - Initial jobless claims in the U.S. rose to 236,000, the largest increase in nearly four and a half years, raising concerns about labor market weakness and further pressuring the dollar [5] - The softening dollar environment enhances gold's appeal as a safe-haven asset, attracting more investors to this non-yielding asset [5] - Following the Fed's rate cut announcement, international precious metals markets showed strong performance, with gold reaching its highest level in over a month and silver hitting a historical high [5] Technical Analysis - Current silver market trend indicates a price uptrend, with support levels around $60.00 [8] - The long-term MACD chart shows a bullish trend, although market activity is decreasing, suggesting cautious trading [8] - Suggested trading strategy includes positioning for long trades near support levels and short trades near resistance levels, emphasizing a careful approach to trading [8]
金荣中国:白银亚盘压力位附近震荡,关注回落支撑位多单布局
Sou Hu Cai Jing·2025-12-12 06:16