深夜大跳水！白银盘中一度跌超11%，现货黄金创2个月来最差单日表现

Core Viewpoint - The precious metals market experienced a significant downturn, referred to as "Black Monday," with silver prices initially surging before plummeting, leading to substantial losses across various metals [2][3] Group 1: Market Performance - Spot silver prices broke the $80 per ounce mark for the first time, reaching nearly $84, but then fell over 11% during trading [2] - Spot palladium dropped by 17%, platinum fell by 15%, and gold declined by over 5% [2] - By the end of trading, spot silver had decreased by over 9%, marking its largest single-day drop since September 2020, while gold fell over 4%, the largest drop since October 21 [2] Group 2: Margin Requirements and Trading Actions - To mitigate risks, exchanges have begun to raise margin requirements for trading contracts in silver, gold, platinum, palladium, and lithium carbonate [2] - The new margin requirements will take effect after the close of trading on December 29, requiring traders to deposit more cash to maintain their positions [2] Group 3: Investor Behavior and Market Analysis - Analysts attribute the decline to profit-taking by investors following a strong seasonal rebound in precious metals, with gold typically rising about 4% and silver nearly 7% during this period over the past decade [3] - Technical indicators, such as the 14-day Relative Strength Index (RSI), showed that gold was in an overbought territory, suggesting a potential correction, while silver's RSI indicated excessive buying pressure [3] - Analysts from CITIC Futures noted that while silver prices are supported by factors like weakened dollar credit and geopolitical risks, the recent rapid price increase poses risks of overtrading [3] Group 4: Future Outlook - Heraeus analysts warned that silver and other precious metal prices may decline at least until the first half of 2026, as high prices are weakening demand in various industries [3] - The volatility in the silver market and extreme sell-off conditions suggest high price risks, with recommendations to reduce positions or liquidate ahead of the New Year holiday due to expected liquidity declines [3]