每日期货全景复盘2.6：沪银几近跌停，煤焦补库入尾声，油价随地缘逻辑随风摇摆

Market Sentiment - The market sentiment is currently weak, with significant volatility observed in precious metals and non-ferrous metals [3][4][7]. Precious Metals - Silver futures experienced a drastic drop, with SHFE silver contracts falling by 15%, while gold also saw a decline of over 5% at one point during the trading session [15][31]. - The recent sell-off in precious metals is attributed to a combination of profit-taking by investors and increased trading costs due to margin hikes (gold to 9%, silver to 18%) [7][23]. - Analysts suggest that the macroeconomic environment remains bearish, with the Federal Reserve maintaining a tightening stance to control inflation, which diminishes support for precious metal prices [31][30]. Coal and Coke - The main contract for coking coal fell by 3.68% to 1138.5 yuan/ton, while coke prices decreased by 2.64% to 1698.5 yuan/ton, reflecting weak demand and ongoing inventory accumulation at steel mills [16][17]. - The market is expected to continue facing weak demand post-holiday, with a focus on inventory digestion rather than new purchases [32][17]. Crude Oil - Crude oil prices are experiencing significant fluctuations due to geopolitical tensions, particularly related to Iran, with WTI and Brent crude both dropping over 3% recently [33][34]. - The SC crude oil contract showed relative resilience, closing down only 0.37% at 465.4 yuan/barrel, despite initial larger declines [33][34]. - Market analysts note that while geopolitical risks remain, concerns about direct military conflict in the Middle East have eased, leading to a complex interplay of supply and demand factors affecting oil prices [34][18].