白银“暴涨后急跌”，分析师：大幅波动原因有三

Group 1 - The core viewpoint of the articles highlights significant volatility in silver prices, with a notable increase of over 5% followed by a sharp decline, attributed to various market factors [1] - The Chicago Mercantile Exchange announced an increase in margin requirements for precious metal futures contracts, with silver margins rising by 13.6% [1] - President Trump's positive communication with President Putin is noted as a contributing factor to market fluctuations [1] - JPMorgan's warning about potential technical sell-offs due to the over-weighting of gold and silver in the Bloomberg Commodity Index is also a key concern, predicting a forced sell-off of 9% and 3% of total holdings for silver and gold respectively during the 2026 rebalancing [1] Group 2 - Despite the short-term volatility, the long-term outlook for precious metals remains bullish, driven by several factors [2] - Trump's call for the new Federal Reserve Chairman to support significant interest rate cuts is expected to influence future monetary policy [2] - Fiscal easing measures from governments in Germany, the US, Japan, and the UK are anticipated to lead to increased global debt and fiscal deficit expectations [2] - The one-month borrowing rate for silver in London has exceeded 6.2%, indicating tight supply conditions [2] - Continued purchases of gold by central banks worldwide and ongoing geopolitical risks are also supporting the bullish sentiment for precious metals [2] - Future price resistance levels for silver are identified at $85-$95 per ounce in London and 21,600-24,000 yuan per kilogram in Shanghai [2]