挤仓风险+金银比跌破50大关 伦敦银波动性增大

Group 1 - The core viewpoint highlights significant volatility in silver prices, indicating a developing "short squeeze" risk in the market [1] - The current short squeeze risk in both the London and U.S. silver markets remains high, with outstanding contracts corresponding to a claim size of approximately 590 million ounces, while available physical delivery inventory is less than 50 million ounces, resulting in a coverage ratio of only about 7% [1] - The gold-silver ratio has fallen below 50 for the first time since March 2012, with historical data suggesting that such a drop typically leads to either a rise in gold prices or a decline in silver prices [1] Group 2 - In early trading, London silver prices decreased, attempting to regain bullish momentum after stabilizing at a resistance level of $92.35 [2] - The 20-period moving average at $87.11 serves as the first resistance level, with the next resistance around the recent upward trend line near $90; a breakthrough could reverse the short-term bearish trend [2] - The 50-period moving average at $81.41 is expected to act as a strong support level; a daily close below this indicator may lead to uncontrollable downward movement in silver prices [2]