黄金和白银在触及历史新高后重挫，贵金属领域这波"抛物线式"的疯涨被猛踩了一脚急刹车。 周一，现货黄金大跌超4%，并一度跌至4310美元附近，白银一度暴跌10%，创下2021年以来最差单日表现，此前一度触及每盎司80美元。 交易员神经紧绷，因为芝加哥商品交易所（CME）提高了白银期货的保证金要求，迫使高杠杆交易员要么追加现金，要么抛售头寸。 贵金属今年表现亮眼，在央行强劲买入和美元走软的背景下，黄金今年迄今已飙升67%。 市场规模小得多的白银是今年的明星表现者，随着其工业用途让市场聚焦于供应短缺，白银上涨了近150%。就连铜和铂金今年也飙升至历史新高。 但一位贵金属多头一直警告金银涨势可能出现逆转，他指出，上一次它们涨得这么快还是在1979年，随后价格在1980年见顶并崩盘。 "当行情绷得这么紧时，要小心，"彭博行业研究的高级大宗商品策略师Mike McGlone本月早些时候指出。"对于像我这样永远看涨黄金的人来说，最重要的 事情只有四个字：获利了结。" "它对电子和计算至关重要，"白银协会总裁兼首席执行官Michael DiRienzo指出，"几乎所有带有开关的东西都要用到它。" DiRienzo指出，白银已 ...

Group 1 - The core viewpoint of the articles highlights significant price fluctuations in precious metals, with gold and silver experiencing their largest single-day declines in years on December 29, 2023 [1][2] - Gold futures dropped over 4.5%, closing at $4,343.6 per ounce, while silver futures fell more than 8%, closing at $70.460 per ounce, marking the largest single-day drop since February 2021 [1] - Palladium futures saw an even steeper decline, dropping over 16% to close at $1,687.9 per ounce, indicating extreme volatility in the market [1] Group 2 - The sharp decline in precious metal prices is attributed to profit-taking after previous price surges, increased implied volatility, and the introduction of stricter risk control measures by exchanges [2] - The Chicago Mercantile Exchange raised margin requirements significantly, with gold futures up by 10%, silver by approximately 13.6%, and platinum by about 23%, prompting many speculative investors to close positions [2] - Analysts suggest that while the recent price drops may represent a correction within an overall upward trend, there are concerns that continued selling pressure could indicate a potential market top for gold and silver [2]

12月30日欧洲时段，12月29日全球贵金属市场突现"冰火两重天"极端行情：前一日尚在历史高位徘徊的 黄金骤然断崖式下跌，伦敦金现单日狂泻195美元/盎司，跌幅4.31%，最低触及4331.92美元/盎司，创年 内最大单日跌幅纪录。导火索为美国芝商所（CME）12月29日凌晨紧急上调贵金属期货保证金——黄 金上调10%、白银13.6%。现货黄金周一自4549.69美元/盎司历史高点回落，收跌4.4%；白银触83.94美 元/盎司新高后重挫8.9%。铂金、钯金亦遭重创，分别暴跌14%、近16%。 现货钯金：现货钯金素以波动剧烈著称，涨跌幅度甚至比白银更为凌厉。昨日钯金单日重挫逾400美 元，收出大阴线，空头一举扭转强势格局。原本的短期强支撑1650-1700美元已被击穿，若进入极限回 撤，不排除下探至1300美元区域的可能。当前短期支撑关注1500-1550美元，上方压力依次位于1750- 1730美元、1820-1850美元，以及近期新高1980美元附近。 技术分析 现货黄金：现货黄金经历暴跌后，短期顶部已基本确立。后续走势无非两种可能：一是延续惯性下挫， 二是出现极限反弹。若偏向激进，可参考关键支撑与阻力轻 ...

摩根大通和汇丰银行贵金属交易部门前任总经理罗伯特·戈特利布（Robert Gottlieb）近日表示，2026年 黄金、白银上涨动力能否持续，答案在于重新定义黄金、白银在全球投资组合中作用的结构性转变。 新华财经纽约12月29日电（记者徐静）纽约商品交易所黄金期货市场交投最活跃的2026年2月黄金期价 29日下跌211.8美元，收于每盎司4350.2美元，跌幅为4.64%。 而在此前一个交易日，2月黄金期货价格也将纪录高位刷新至每盎司4584美元。 相比黄金，白银的波动幅度更为剧烈。当天亚洲交易时段稍早，纽约商品交易所3月白银期货价格一度 大幅拉升超5%，并创下每盎司82.67美元历史新高。但其后，银价跟随金价大幅回落，日内波动超10美 元。截至收盘时，3月交割的白银期货价格下跌803.5美分，收于每盎司71.640美元，跌幅为10.08%。 分析认为，年末投资者获利了结是导致贵金属价格大幅回落的主要原因。在经历了史诗级上涨之后，市 场多头获利了结压力明显，加上年末临近，贵金属价格波动在清淡交易中被放大。 不过，市场分析人士表示，29日的下跌只是贵金属价格上涨趋势中的回调。 戈特利布表示，黄金的决定性时刻出现 ...

Core Viewpoint - The article discusses the significant decline in gold and silver prices, with gold dropping 5% and silver plummeting 11%, marking the largest single-day declines since September 2020. This downturn follows a period of strong seasonal performance for precious metals, typically characterized by gains of approximately 4% for gold and nearly 7% for silver during the year-end period. The recent price corrections are attributed to profit-taking by investors and a lack of market liquidity [1][3][6]. Group 1: Market Performance - Gold experienced a maximum intraday drop of 5%, the largest single-day decline since October 21, and this marks the second occurrence of such a significant drop this year [4]. - Silver's decline was even more severe, with an intraday drop of 11%, the largest single-day decline since September 2020 [5]. - Both metals have retreated significantly from their recent historical highs, raising concerns about an overheated market [6]. Group 2: Investor Behavior and Market Dynamics - Following a strong year-end rebound, the gold and silver markets faced severe sell-offs due to thin market liquidity, leading traders to take profits and ending a recent upward trend [3]. - Michael Haigh from Societe Generale noted that the year-end period typically sees extreme liquidity shortages, which can exacerbate price volatility. He emphasized that the recent declines were primarily driven by profit-taking after a strong seasonal rebound [7]. - Technical indicators, such as the 14-day Relative Strength Index (RSI), indicated that gold had been in an overbought territory, suggesting a potential correction was imminent. Silver's situation was more extreme, with a rise of over 25% since mid-December, pushing its RSI well above 70, indicating excessive buying pressure [7]. Group 3: Speculation and Margin Adjustments - The reversal in silver prices occurred shortly after they surged above $84 per ounce, driven by strong investment demand from China, which led to a record premium of over $8 per ounce for Shanghai spot silver compared to London prices [8]. - Analysts highlighted a highly speculative atmosphere in the market, with current conditions being described as extreme due to tight spot supply [9]. - To mitigate risks, exchanges have begun to take action, with CME Group announcing an increase in margin requirements for certain Comex silver futures contracts. This move requires traders to deposit more cash to maintain their positions, potentially forcing undercapitalized speculators to reduce or close their positions [12]. Group 4: Market Pressures and Inventory Status - The recent volatility in silver prices has drawn attention to the severely pressured spot market, with the latest rebound occurring just two months after a comprehensive short squeeze in the London silver market [14]. - Despite significant inflows into London vaults since then, most available silver remains in New York, as traders await the results of a U.S. investigation that could lead to tariffs or other trade restrictions [14].

法国兴业银行固定收益与大宗商品研究主管迈克尔.海格表示："不必过度解读这种剧烈波动。每年年底 市场往往流动性非常低。" 今日周二(12月30日)亚盘时段，COMEX白银目前交投于72.45一线上方，今日开盘于71.69美元/盎司， 截至发稿，comex白银暂报73.03美元/盎司，上涨1.94%，最高触及73.32美元/盎司，最低下探70.67美元/ 盎司，目前来看，comex白银盘内短线偏向看涨走势。 【要闻速递】 现货白银周一一度触及历史高点83.94美元/盎司，而后大幅回落，收盘暴跌。从刚创下的历史高位大幅 回落，这释放出一个信号——本轮上涨行情节奏过快、启动过早。 此外，芝加哥商品交易所集团发布声明称，自12月29日起将上调部分COMEX白银期货合约的保证金要 求。这一举措将有助于抑制市场投机。当交易所提高保证金要求时，交易者必须追加更多现金才能维持 现有头寸。部分投机者因无力追加资金，被迫缩减或平仓离场。 【最新comex白银行情解析】 对于3月白银期货，昨日的价格走势形成了一个显著的看空"买盘耗尽尾部形态"——多头在高位动能耗 尽，价格大幅回落并收于当日低点附近。同时，昨日走势在日线图上还形成了一 ...

今年贵金属表现亮眼：在央行强劲购金和美元走弱推动下，黄金年内累计飙升67%;市场规模小得多的 白银更是明星，因工业需求凸显供应短缺，全年涨幅接近150%，铜与铂金也双双创下纪录高位。 上周末，埃隆·马斯克在X平台上就银价飙涨发声："这可不妙，许多工业流程都需要白银。" 非营利行业组织白银协会称，近六成白银用于工业领域。白银是所有金属中导电性最佳的材料，也是太 阳能电池板、数据中心服务器主板及电动汽车的关键组成部分。 "它对电子和计算行业至关重要，"白银协会主席兼首席执行官Michael DiRienzo表示，"几乎所有带开关 的东西都会用到它。" DiRienzo指出，全球白银市场已连续第五年出现结构性缺口。10月，白银被列入美国关键矿产清单，引 发市场对其可能面临关税和贸易限制的担忧。 智通财经APP获悉，黄金与白银在触及纪录高位后急挫，贵金属的抛物线式涨势戛然而止。周一，黄金 期货收跌4.5%，报每金衡盎司略高于4,340美元;白银期货在盘中短暂触及每盎司80美元后大跌8.7%，创 2021年以来最大单日跌幅。 芝加哥商业交易所(CME)上调白银期货保证金要求后，交易员在周一开盘前普遍陷入紧张状态——其持 ...

Group 1 - Silver has historically surpassed $80 per ounce for the first time but quickly retreated, with a significant drop of over 10%, marking the largest intraday decline since 2021 [1] - Gold experienced its largest drop in two months, falling $200 or 4.5% to below $4,329 per ounce, indicating a potential overbought condition in the market [1] - The Shanghai silver futures contract saw a decline of nearly 7% during the day [3] Group 2 - The CME Group announced an increase in margin levels for certain COMEX silver futures contracts starting Monday, aimed at reducing speculative activities [4] - Platinum and palladium futures also faced declines, dropping 14% and 16% respectively in early trading [5] - The sharp decline in silver prices occurred shortly after it surged above $84 per ounce, coinciding with the CME's announcement to raise margin requirements as part of a routine market volatility review [6] Group 3 - Exchanges like the CME typically raise margin requirements after significant price increases to mitigate default risks among contract holders [9] - Silver has seen a remarkable increase of approximately 150% year-to-date, driven by its critical mineral status, supply shortages, and rising industrial and investment demand [9] - The core fundamental factor of limited silver supply is expected to continue influencing the market positively, with an optimistic outlook extending to 2026 [9]

截至目前，现货白银上涨0.2%，至每盎司72.28美元，此前一个交易日曾创84.01美元的历史新高。黄金 小幅上涨0.15%，至每盎司4339美元。 在周一出现两位数百分比跌幅后，铂金和钯金继续下行。彭博美 元现货指数周一收盘基本持平。 责任编辑：王永生 白银价格企稳。其之前创下逾五年来最大单日跌幅，因为交易员在年末一轮强劲上涨过后进行获利了 结。 尽管周一回落，但黄金和白银仍势将录得1979年以来最大年度涨幅。央行大举买入、交易所交易基金 （ETF）获得资金流入以及美联储连续三次降息都支撑了贵金属价格。利率下降，对不孳息的大宗商品 有利。 银价周二守在每盎司71美元上方，此前一个交易日下跌了9%；黄金价格基本持平于每盎司4340美元左 右，前一交易日下跌了4.4%。贵金属重挫之前，技术指标显示近期上涨速度过快，而市场流动性不足 则加剧了价格波动。 截至目前，现货白银上涨0.2%，至每盎司72.28美元，此前一个交易日曾创84.01美元的历史新高。黄金 小幅上涨0.15%，至每盎司4339美元。 在周一出现两位数百分比跌幅后，铂金和钯金继续下行。彭博美 元现货指数周一收盘基本持平。 尽管周一回落，但黄金和白银 ...

【导读】今年"最赚钱的交易之一"，一夜之间来了个大反转 中国基金报记者 泰勒 兄弟姐妹们啊，今晚的市场，白银价格剧烈波动，行情来得快去得也快，上周五是史诗级暴涨10%，今晚就史诗级暴跌10%，幸好泰勒周 一白天就把白银基金套利出去了。 白银暴跌 12月29日晚间，白银在历史上首次突破每盎司80美元后迅速回落，黄金也出现两个月来最大跌幅。 白银盘中暴跌超10%，创下自2021年以来最大单日盘中跌幅。技术指标显示，这波上涨可能"跑得太快、太猛"。黄金日内暴跌200美元， 下挫4.5%，跌破每盎司4329美元，从上周创下的历史新高回撤，市场同样认为黄金也处于"超买"状态。 沪银主力合约日内持续走低，跌幅近7%。 白银的急转直下发生在其飙升至每盎司84美元上方的数小时之后。 这轮反转也出现在芝商所上调多类金属合约保证金之后，该交易所运 营方在周五向交易员发布通知宣布提高保证金，称这是"对市场波动进行常规审查"的一部分，新标准于周一生效。 芝商所 在声明中称，从周一开始将上调部分COMEX白银期货合约的保证金水平，分析人士表示，此举有助于降低投机活动。 铂金和钯金期货也受到影响，早盘分别下跌14%和16%。 美股下跌 ...