贵金属巨震！金银史诗级暴跌 一文解析：为何华尔街并不恐慌？

Core Viewpoint - The precious metals market experienced a significant drop following President Trump's nomination of Kevin Warsh as the next Federal Reserve Chair, with analysts indicating that the market reaction was not one of panic despite the sharp declines in gold and silver prices [1][4]. Group 1: Market Reactions - iShares Silver Trust saw a record drop of 28.5% to $75.44, while SPDR Gold Shares fell by 10.3% to $444.95, yet trading volumes did not indicate panic selling [1][3]. - The Chicago Mercantile Exchange raised margin requirements for gold, silver, platinum, and palladium, which contributed to the price declines as traders were forced to close positions before the weekend [3][4]. Group 2: Analyst Perspectives - Yardeni analysts believe that Warsh's nomination and the unexpectedly high Producer Price Index (PPI) should have positively impacted the precious metals market, as Warsh advocates for lower interest rates to stimulate economic growth [4]. - Morgan Stanley analysts noted that the significant drop in gold and silver prices was triggered by a rebound in the dollar following Warsh's nomination, indicating that the previous price increases were excessive [4][5]. Group 3: Price Forecasts - Morgan Stanley analysts predict that gold prices will continue to rise, forecasting a potential increase to $6,300 per ounce by the end of 2026, driven by strong demand from central banks and investors [5][6]. - The outlook for silver is more cautious, with analysts expressing concerns about the lack of central bank support and potential for deeper short-term corrections, while adjusting the price support level to the $75 to $80 range [6].