Market Overview - The US dollar index is trading around 98.883, while spot silver opened at $80.39/oz and is currently around $83.29/oz, with silver T+D trading at approximately 20,402 CNY/kg [1] - Last Friday, the dollar index rose by 0.26% to close at 99.130, and spot silver increased by 3.89% to close at $79.95/oz, driven by lower-than-expected US non-farm payrolls and geopolitical uncertainties caused by Trump [1] Economic Data - On January 9, silver ETF holdings increased by 93.05 tons to 16,308.48 tons [1] - The US non-farm payroll report indicated an increase of 50,000 jobs in December, with the unemployment rate at 4.4% [2] - The market perceives a zero probability of a Fed rate cut in January following the non-farm report [2] Federal Reserve Insights - Fed officials have commented on the labor market, with Barkin welcoming the decline in unemployment and Bostic emphasizing the need to focus on reducing inflation [2] - Morgan Stanley and Citigroup have projected rate cuts in June and September, and March, July, and September respectively, each by 25 basis points [2] Geopolitical Developments - Trump has threatened intervention in Iran, with the Iranian parliament warning of retaliation against US attacks [2] - In South America, Trump has canceled plans for a second wave of attacks on Venezuela and is engaging in exploratory diplomacy with the country [2] Silver Market Analysis - The silver market experienced fluctuations, opening at $73.403, reaching a low of $72.837, and a high of $82.766 before closing at $79.949, indicating a bullish trend [3] - Current trading strategies suggest maintaining long positions with stop-loss orders set at specific levels [3]
1月12日白银早评：美国12月非农低于预期 银价开盘急速拉升
Jin Tou Wang·2026-01-12 02:15