周五（9月26日）亚盘时段，国内白银期货延续近期强势表现，交投于10496元/千克一线上方。开盘报10511元/千克，盘中最高触及10597元/千克，再次刷新 近期高点，最低下探10430元/千克。从走势结构看，银价目前仍处于短线震荡偏多格局，日内关注10400元附近支撑表现。 BANK de free 基本面：美国GDP数据超预期，市场降息预期略有降温 昨日（9月25日）公布的美国第二季度实际GDP年化季率终值从3.3%上修至3.8%，创下去年第三季度以来最快增速；消费者支出也从1.6%上调至2.5%，显示 经济韧性仍存。同时，PCE物价指数小幅上修至2.1%，核心PCE维持在2.6%，通胀压力并未明显缓解。 从沪银走势来看，本周初虽出现技术性回落，但周四中阳线上涨再次确立多头格局，周五亚盘进一步刷新高点至10597元/千克，说明当前市场情绪仍偏向乐 观。日线级别均线系统呈多头排列，MACD指标也维持在零轴上方，支持趋势延续。 短线来看，下方关键支撑位于10400元/千克附近，只要价格守在该水平之上，震荡偏多结构就未被破坏。若银价有效跌破10400元，则需警惕进一步回调风 险。 美国经济数据强劲带动美元反弹 ...

Group 1 - Central banks are expected to increase their gold and foreign exchange reserves over the next five years, with 72% anticipating a moderate rise, 17% expecting no change, and 6% predicting a significant decline [1] - Demand for gold continues to rise as central banks increase their holdings, leading to a favorable outlook for gold prices [1] - Gold has surpassed U.S. Treasury bonds as the most sought-after asset by central banks, with total gold reserves approaching $4 trillion, exceeding the $3.8 trillion in U.S. Treasury holdings [1] Group 2 - In the context of increasing risks in the U.S. labor market, the Federal Reserve's policy path is characterized by "expectation reinforcement and independence erosion," which is putting downward pressure on the U.S. dollar index [3] - Despite rising risk appetite in U.S. equities, institutional demand for precious metals continues to drive prices higher [3] - The probability of a Federal Reserve rate cut in September is high, and upcoming economic data will significantly influence future monetary policy expectations and market direction [3]