贵金属惊天反转

Core Viewpoint - The precious metals market experienced a significant reversal, with silver futures prices dropping sharply after reaching a record high, influenced by profit-taking, technical corrections, and changes in exchange policies [3][4][5]. Market Reaction - Silver futures initially surged over 10% before plummeting 15%, marking the largest daily volatility since August 2020 [5]. - Gold prices also fell over 4%, losing key support levels of $4500 and $4400 [3][6]. Factors Behind the Market Shift - Technical indicators showed a severe deviation from moving averages, prompting a need for correction [6]. - Profit-taking and year-end tax-related selling were identified as major factors suppressing silver's price after a 140% increase throughout the year [6][7]. - The Chicago Mercantile Exchange's decision to raise margin requirements for various metals, including silver, was seen as a critical trigger for the market drop [7]. Future Outlook - The precious metals market is supported by multiple factors, including the Federal Reserve's loose monetary policy and increasing demand for silver in industrial applications, particularly in electric vehicles and solar panels [9][10]. - Analysts remain optimistic about the market, with predictions of gold prices reaching $5000 by the end of 2026 and a significant increase in gold purchases by central banks and retail investors [11]. - A survey indicated that 57% of respondents expect silver prices to exceed $100 per ounce next year, with a substantial portion anticipating prices between $80 and $100 per ounce by 2026 [11][12].