知名投行再次做空失败 银价上行周期或未结束

Core Insights - Silver has emerged as one of the most surprising assets in the market, with a short-term increase of over 18% this week, despite a pullback due to profit-taking and the Trump administration's decision to delay tariffs on key minerals [1][2] Group 1: Market Performance - Silver prices have seen a significant rise, reaching a record high of $93.70 per ounce, marking an increase of over 19% within a week [1] - The recent trading week has seen silver prices rise for four consecutive days, indicating strong market momentum [1] Group 2: Institutional Activity - Canadian Imperial Bank of Commerce (CIBC) faced a loss of $606,000 from short-selling silver, with their position being closed at $93.15 per ounce [1] - This marks the second time since October of the previous year that CIBC has incurred losses from short-selling silver [1] Group 3: Analyst Commentary - Analysts suggest that the upward cycle for silver may not be over, despite acknowledging that the market appears "clearly overbought" [1] - Factors influencing the market include the Trump administration's decision not to impose tariffs on silver and potential supply issues due to changes in inventory systems [1][2] Group 4: Technical Analysis - The critical resistance level for silver is identified between $93 and $94, with a potential for significant pullback if this level is not breached [3] - Key support levels are noted at $86-$87, with further support expected at $84-$83.5 and $78, should the price decline [3] - The 50-period moving average at $81.41 is anticipated to act as a strong support level; a close below this could lead to uncontrollable downward movement [3]