Core Viewpoint - The silver market experienced significant declines, with the Shanghai silver futures hitting the limit down and overseas silver prices dropping over 30% due to a shift in market expectations regarding the Federal Reserve's monetary policy and technical selling pressures [1] Market Reaction - Following the announcement of Kevin Walsh as a potential nominee for the next Federal Reserve Chair by Trump, market sentiment shifted towards a more hawkish outlook, leading to a rebound in the US dollar index [1] - This change in sentiment directly impacted precious metals priced in US dollars, contributing to the downward pressure on silver prices [1] Internal Market Dynamics - The silver market was characterized by extremely crowded long positions, which, combined with technical selling pressures, triggered a chain reaction of long position liquidations [1] - The Chicago Mercantile Exchange's increase in margin requirements for gold and silver futures, along with forced rebalancing sales from major commodity indices due to excessive gold and silver weightings, exacerbated the technical selling pressure [1]
光大期货：白银封死跌停，关注本周非农数据
Sou Hu Cai Jing·2026-02-02 08:57