格林大华期货早盘提示-20251020

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - Gold and silver have experienced significant price fluctuations recently. Due to the accumulation of many profit - taking positions after continuous rises, short - term volatility has intensified, and it is recommended to wait and see [1] Group 3: Summary by Related Content Market Conditions - COMEX gold futures fell 0.85% to $4267.90 per ounce, and COMEX silver futures fell 5.01% to $50.63 per ounce. Shanghai gold closed down 1.27% at 973.88 yuan per gram, and Shanghai silver fell 3.94% at 11748 yuan per kilogram [1] Important Information - As of October 17, the holdings of the world's largest gold ETF, SPDR Gold Trust, increased by 12.59 tons from the previous day to 1047.21 tons. The holdings of the world's largest silver ETF, iShares Silver Trust, increased by 74.79 tons from the previous day to 15497.4 tons [1] - On October 17, the President of Ukraine met with the US President. Zelensky said he was willing to accept bilateral or trilateral talks, and Trump said the Russia - Ukraine conflict should end. Trump is about to meet with Putin in Budapest, Hungary [1] - On the morning of October 18, Chinese and US economic and trade leaders held a video call and agreed to hold a new round of Sino - US economic and trade consultations as soon as possible [1] Market Logic - There has been a historical short squeeze in the London silver market recently. Extreme market conditions have magnified market volatility. After continuous rises, the spot price of London silver hit a record high of $54.468 per ounce on October 17 and then plunged by 6.7%. COMEX silver futures also fell sharply, while the decline of COMEX gold futures was relatively small. The night sessions of Shanghai gold and Shanghai silver also had significant pull - backs [1] - The willingness to hold talks between Ukraine and the US and the upcoming meeting between Trump and Putin, as well as the agreement to hold a new round of Sino - US economic and trade consultations, are conducive to reducing short - term market risk - aversion sentiment [1] Trading Strategy - Due to the accumulation of many profit - taking positions after continuous rises in gold and silver recently, short - term volatility has intensified, and it is recommended to wait and see [1]