Fundamental Analysis - Silver prices recently broke through the $91.00 per ounce mark, currently trading at $90.94 per ounce, down 1.53% for the day. COMEX silver futures are reported at $90.88 per ounce, down 1.59% [1] - On Thursday, silver prices experienced a significant drop of 7.3%, but managed to recover most of the losses during the trading session before declining again, currently down over 5% [1] - President Trump has decided not to impose tariffs on key mineral imports, including silver and platinum, opting for bilateral negotiations instead. He has proposed the idea of setting price floors [1] - Concerns over potential tariffs have led to increased accumulation of metals, including silver, in U.S. warehouses. Currently, approximately 434 million ounces of silver are held in warehouses related to futures trading on the New York Commodity Exchange, an increase of about 100 million ounces compared to a year ago when trade disruptions due to tariffs intensified [1] - Despite the potential for inventory to alleviate other tensions, the outflow of silver from the U.S. may face obstacles as it remains on Trump's critical mineral list. The medium-term outlook for silver remains positive, supported by supply shortages, industrial consumption, and spillover demand from gold [1] - However, the recent volatility in prices necessitates a cautious approach in the short term [1] Market Trends - The U.S. initial jobless claims unexpectedly decreased last week, boosting the dollar index to a multi-week high, making gold more expensive for holders of other currencies [3] - Safe-haven demand for gold has diminished as President Trump indicated that Iran's actions to suppress protests seem to be easing, suggesting a potential wait-and-see approach [3] - The market generally expects the Federal Reserve to maintain interest rates during the January meeting, with at least two rate cuts anticipated within the year, providing long-term support for gold prices [3] - Other precious metals showed mixed performance: spot silver slightly retreated after reaching a historical high of $93.57, platinum declined, while palladium remained stable [3] - On January 15, the Senate passed a package of three spending bills, marking the completion of the first funding measures since the government shutdown, which will support multiple key departments until the end of the current fiscal year [3] Technical Analysis - The current trend for silver is upward, suggesting a strategy of supporting long positions and pressure point short positions [6] - Technical charts indicate a support level around $87.70 for silver [6] - The long-term MACD chart shows a bullish trend with upward crossing of moving averages, although market activity has decreased, necessitating cautious trading and consideration of low-position long trades [6] Investment Strategy - Suggested layout strategy includes entering long positions near $87.70 with a stop loss at $87.30 and a take profit target in the $92.00 to $93.90 range [6]
金荣中国:白银亚盘高位震荡下跌,关注回落后多单布局方案
Sou Hu Cai Jing·2026-01-16 06:06