美负债表扩张难以撼动白银td回温

Group 1 - The core viewpoint of the articles indicates that the current state of the dollar liquidity system and the trend of large fiscal policies create strong constraints, making it difficult to significantly alter the expansion of the asset-liability balance sheet regardless of who is chosen as the Federal Reserve Chairman [1] - The report from CICC suggests that despite the marginal improvement in liquidity since the Fed began expanding its balance sheet in December, the narrow liquidity (reserves) remains well below the lower limit of the "ample" level, indicating a tight liquidity condition since the pandemic [1] - The article highlights that under pressures from debt, elections, and financial market stability, the choice of the Federal Reserve Chairman may not make a significant difference, and a trend of liquidity expansion is likely [1] Group 2 - The latest analysis of silver TD indicates that the price has rebounded after a significant drop, with a current increase of over 6%, although the bearish risks are not fully resolved as the trend line remains below the zero line [2] - The one-hour MACD shows a positive histogram, indicating an upward trend, while the Relative Strength Index (RSI) is neutral, suggesting a cautious outlook [2] - Key support levels for silver TD are identified between 20500 and 21500, while resistance levels are noted between 22500 and 23500 [2]