金银价频在刷新高点后剧烈波动

Core Viewpoint - International gold and silver prices have experienced significant declines, with silver prices dropping nearly 50% from their historical highs reached on January 29, 2023 [1] Price Movements - On March 5, silver futures prices fell over 9%, while gold futures dropped more than 1% [1] - In subsequent overnight trading, silver futures saw a decline of up to 16%, reaching a low of $63.9 per ounce, and gold futures fell over 4%, dipping below $4670 per ounce [1] - Historical peaks for silver were recorded at $121.647 for spot prices and $121.785 for futures on January 29, 2023 [1] Market Influences - Analysts suggest that the current neutral monetary policy stance of global central banks is limiting support for the gold market [1] - The European Central Bank and the Bank of England both decided to maintain their key interest rates unchanged on March 5 [1] - The price movements of silver are currently driven more by capital flows rather than physical fundamentals, according to the UK-based financial firm [1] Volatility Factors - Due to the smaller market size, silver prices exhibit greater volatility compared to gold, exacerbated by significant speculative capital inflows and thin over-the-counter trading [1] - Long-term abnormal volatility is expected to harm the precious metals market, as stated by the CEO of a leading metal news outlet [1] Future Price Predictions - The Canadian Imperial Bank of Commerce forecasts an average gold price of $6000 per ounce and an average silver price of approximately $105 per ounce for the year [1] - Geopolitical uncertainties are anticipated to continue supporting safe-haven demand, alongside a weakening dollar which is expected to bolster gold prices [1]