UNFX知识分享 影响白银市场最大的因素通常是全球经济状况和货币政策，尤其是美元走势和利率变 化。以下是具体原因： 1. 美元走势 白银以美元计价，美元与白银价格通常呈负相关。 美元走强：白银价格往往下跌，因为持有白银的成本增加。 美元走弱：白银价格通常上涨，因为持有白银的成本降低。 美元是全球储备货币，其走势受美国经济数据、货币政策（如美联储利率决策）和全球经济形势影响。 2. 货币政策（尤其是美联储政策） 经济强劲时，工业需求（如电子、光伏）增加，推动白银价格上涨。 经济衰退时，工业需求减少，白银价格可能下跌。 利率变化： 加息：利率上升时，持有白银的机会成本增加，投资者可能转向收益更高的资产，导致白银价格下跌。 降息：利率下降时，白银的吸引力增强，价格可能上涨。 量化宽松（QE）：当美联储实施宽松政策（如印钞、购债）时，市场流动性增加，通胀预期上升，白 银作为抗通胀资产，价格往往上涨。 3. 全球经济状况 经济增长： 5. 供需关系 供应：矿山产量、回收量、生产成本等影响白银供应。 需求：工业需求（占白银总需求的50%以上）、投资需求和珠宝需求的变化也会显著影响价格。 供需失衡（如供应短缺或需求激增）会 ...

Group 1 - International silver is currently trading below $38.16, with a slight increase of 0.02% from the opening price of $38.14 per ounce, indicating a short-term sideways trend [1] - The highest price reached today was $38.18, while the lowest was $38.04, reflecting limited volatility in the market [1] Group 2 - Billionaire investor Ray Dalio has expressed concerns about the sustainability of government deficit spending, suggesting that investors allocate about 15% of their portfolios to alternative currencies like gold [3] - Dalio highlighted that the U.S. government's revenue is approximately $5 trillion, while its spending is around $7 trillion, leading to a 40% overspend [3] - He noted that the accumulated debt is six times the government's revenue, which poses risks to the economic system [3] - Dalio warned that due to ongoing deficits, the U.S. government may need to issue nearly $12 trillion in bonds next year to service its debt [4] - He emphasized that the only remaining option for the government is to borrow more and rely on central bank money printing, with indicators of capital controls beginning to emerge [4] Group 3 - International silver experienced slight declines on Monday, with a low of $37.90, and a bullish outlook is maintained with a defensive level set at $37.50 [5] - The potential for significant price increases is limited, with a focus on the previous high of $39.50, and market participants are advised to monitor the impact of non-farm payroll data [5]