征税推迟或加剧银库存短缺 白银本周登上新高度

Core Viewpoint - The silver market experienced significant volatility this week, driven by geopolitical tensions and expectations of interest rate cuts in the U.S., leading to a surge in silver prices before a subsequent decline due to easing tensions [1]. Group 1: Market Dynamics - Silver prices initially soared past $90, reaching new milestones due to heightened geopolitical tensions and market speculation regarding U.S. interest rate cuts [1]. - A temporary easing of geopolitical tensions led to a decrease in safe-haven demand, causing silver prices to retreat from historical highs [1]. Group 2: U.S. Policy Impact - President Trump postponed new tariffs on critical mineral imports, which exacerbated the global silver inventory shortage [1]. - The announcement from Trump indicated a preference for negotiating import adjustments rather than imposing immediate tariffs, which resulted in a sharp decline in silver prices [1]. - The U.S. administration also announced a 25% tariff on certain advanced computing chips and semiconductor manufacturing equipment, significantly impacting the semiconductor industry, where silver is an essential material [1]. Group 3: Price Levels and Support - The historical high of $93.90 remains a critical resistance level for silver prices, with potential targets of $94.50, $95.00, and $100.00 if the upward trend continues [2]. - Key support levels for silver are identified at the January 12 high of $86.23, followed by the $85.50 region, with a drop below $85.50 exposing the $80 support level [2].