国金期货沪银日度报告-20250509

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View - The subsequent market will be priced based on uncertainties such as geopolitics, tariffs, and overseas economic prospects, and the short - term silver price will maintain high - level volatile operation [6] 3. Summary by Directory 3.1 Disk Situation - The main contract of Shanghai Silver had little fluctuation today. The opening price was 8,240 yuan/kg, the highest price was 8,280 yuan/kg, and the closing price was 8,252 yuan/kg [3] 3.2 Spot Market - Today's spot silver price was 32.959 US dollars/ounce, with a change of - 0.192 US dollars/ounce and a change rate of - 0.58% [4] 3.3 Macroeconomic Analysis - The US Global Supply Chain Pressure Index in April was announced as - 0.29, with the previous value being - 0.17. Facing the current weak US economic data, Trump's tariff policy is having a fatal backlash effect. US importers' pre - stocking behavior to deal with the 300 billion US dollars of commodity tariffs has led to a sharp increase in inventory and exacerbated economic fluctuations. Fed Chairman Powell said the Fed can be patient and does not need to rush to cut interest rates, and Trump's statement "will not affect the Fed's work at all" [5]