Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The prices of precious metals have entered an accelerated upward phase in the short term. It is recommended to hold existing long positions, and opening new long positions at the current price level carries significant risks. The reference operating range for the main contract of Shanghai Gold is 898 - 950 yuan/gram, and for the main contract of Shanghai Silver is 10962 - 12300 yuan/kilogram [4] - The shortage of silver spot in London is difficult to reverse in the short term, which will drive the international silver price to be strong [3] Group 3: Summary by Related Catalogs Market Quotes - Shanghai Gold rose 2.45% to 936.72 yuan/gram, and Shanghai Silver rose 4.22% to 11710.00 yuan/kilogram. COMEX Gold was reported at 4126.70 US dollars/ounce, and COMEX Silver was reported at 50.73 US dollars/ounce. The yield of the 10 - year US Treasury bond was reported at 4.05%, and the US dollar index was reported at 99.27 [2] - The shortage of overseas silver spot has driven the silver price to an accelerated upward trend. The one - month implied lease rate of London spot silver has risen to 42.72%. The prices of London Silver and New York Silver both reached new historical highs [2] Supply and Demand Analysis - The shortage of silver spot in London is difficult to be alleviated by the inflow of silver from New York due to the premium. The inventory of COMEX silver decreased from the high of 16531 tons on September 29 to 16179.8 tons on October 13, and the total position of COMEX silver was at the highest level in the same period in the past five years, reaching 172,000 lots as of October 13 [3] Strategy Suggestions - Hold existing long positions, and avoid opening new long positions at the current price level. The reference operating range for the main contract of Shanghai Gold is 898 - 950 yuan/gram, and for the main contract of Shanghai Silver is 10962 - 12300 yuan/kilogram [4] Data Tables - A series of data on gold and silver prices, trading volume, open interest, inventory, and other aspects are provided, including the prices of COMEX, LBMA, SHFE, and T + D contracts, as well as the changes in ETF holdings [5][8] Charts - Multiple charts show the relationship between precious metal prices and various factors such as the US dollar index, real interest rates, trading volume, open interest, and the near - far month structure of precious metals [10][13][19][20][25][30][32][34][42][44][52][54]
贵金属日报2025-10-14：贵金属-20251014
Wu Kuang Qi Huo·2025-10-14 01:34