“双重属性”共同运转 银价近期屡创新高

Core Viewpoint - Silver prices are rebounding and approaching the resistance level of $64 per ounce, driven by rising interest rate cut expectations and optimistic market sentiment, leading to historical highs in silver prices [1] Group 1: Market Dynamics - Recent trends show that silver has been in a supply-demand deficit for five consecutive years, with a projected market shortfall of 2,950 tons by 2025 [1] - The gold-silver ratio has been correcting to around 66, with silver's price increase being driven by its stronger trading and industrial attributes in a backdrop of interest rate cuts and robust demand [1] - The phenomenon of "silver hoarding" has diminished as prices rise, leading to increased caution among consumers and investors, indicating a more rational market participation despite strong market conditions [1] Group 2: Technical Analysis - Silver has successfully broken through the upper boundary of a replicating upward channel, entering a third upward channel, signaling a continuation of bullish market sentiment [2] - The 261.8% Fibonacci extension level at $63.85 is a key resistance point, with a breakthrough potentially focusing attention on the psychological level of $65.00 [2] - Support is found at the previous resistance area of $61.50, with further targets at the lows of $60.00 and $59.35 if prices fall below this support [2]