SZAP(SZ:000061) Sou Hu Cai Jing·2026-02-07 04:48Core Viewpoint - The current market for gold and silver is highly volatile, with significant fluctuations impacting investor sentiment and behavior [5][6][25]. Group 1: Market Analysis - The recent downturn in gold and silver prices has left many investors as casualties, with some struggling to recover from losses [6][15]. - The gold market is supported by strong fundamentals, including ongoing purchases by central banks and geopolitical tensions, which are likely to sustain a bullish trend [8][25]. - Silver, on the other hand, is expected to experience a divergence from gold, with its price influenced by industrial demand and economic conditions, leading to a potential bearish outlook [8][15]. Group 2: Technical Analysis - The current phase of gold and silver is identified as a long-term consolidation phase, which may last until early to mid-2026 unless there are significant changes in the fundamentals [11][14]. - Key support levels for gold are identified at $4,820-$4,830 and $4,655, while resistance levels are noted at $5,090-$5,100 and $5,220-$5,240 [13][14]. - For silver, critical support is at the New Year low of $70-$71, with potential downside targets of $60-$62 if broken [20][17]. Group 3: Investment Strategy - Investors are advised to adopt a mixed strategy of holding physical assets and engaging in short-term trading to maximize profits while managing risks [14][27]. - The outlook for silver suggests that high prices will not be sustainable, and investors should consider exiting positions at $85-$90 or above $100 [18][27]. - The oil market is projected to enter a bullish phase by 2026, driven by geopolitical tensions, with short-term targets set at $75-$80 and long-term at $100-$110 [20][22].