金荣中国：白银午盘窄幅震荡盘整，等待回落支撑位多单布局

Fundamental Analysis - Silver prices have surpassed historical records, reaching over $66.80 per ounce, marking one of the strongest rebounds in commodities for 2025, driven by ongoing market dynamics [1] - The current surge in silver prices is supported by a structural shortage in the global silver market for the fifth consecutive year, limited mining output, and increasing demand from renewable energy and electronics sectors [1] - Expectations of global monetary policy easing and declining real yields have reduced the opportunity cost of holding non-yielding assets, attracting institutional investors seeking asset diversification and inflation hedging, creating a rare resonance between industrial and investment demand [1] Price Trends - Silver has reached its long-term target's minimum threshold, with potential for further increases, ideally targeting $75 to $80, contingent on year-end market performance [3] - Silver prices have increased nearly 4% to $66.22 per ounce, with an intraday high of $66.87, reflecting a year-to-date increase of 129%, significantly outpacing gold's 65% rise [3] Market Dynamics - The internal dynamics of the Federal Reserve and the succession of its chairperson are significant variables affecting gold prices, with potential political interference raising concerns about the Fed's independence [4] - The dollar's performance is closely linked to global central bank policies, with a year-to-date decline of approximately 9.5%, the largest annual drop since 2017, providing support for gold prices [5] - Upcoming decisions from multiple central banks, including the Bank of England and the European Central Bank, are anticipated to further influence the dollar's exchange rate and, consequently, gold prices [5] Technical Analysis - Current silver market trends indicate an upward price trajectory, with support around $65.00 and a bullish outlook based on technical indicators [9] - Suggested trading strategies include positioning for long trades near the $65.00 support level, with stop-loss at $64.30 and profit targets between $68.60 and $69.00 [9]