Core Viewpoint - The silver futures market is experiencing an upward trend, with both domestic and international prices showing significant increases in recent trading sessions [1]. Domestic Market Summary - The Shanghai silver futures (沪银) have risen to 11,427 yuan per kilogram, marking a daily increase of 1.99% from the opening price of 11,297 yuan per kilogram [1]. - The highest price reached today was 11,443 yuan per kilogram, while the lowest was 11,255 yuan per kilogram, with a trading volume of 571,201 contracts [1]. - The previous trading day's closing price was 11,204 yuan per kilogram, with a basis of 119 [1]. International Market Summary - The COMEX silver price has increased to 48.35 USD per ounce, reflecting a daily rise of 1.03% from the previous closing price of 47.86 USD per ounce [1]. - Today's opening price was 47.85 USD per ounce, with a peak of 48.37 USD and a low of 47.61 USD, resulting in a trading volume of 8,858 contracts [1]. Technical Analysis Summary - The technical indicators for Shanghai silver show a bearish signal from the MACD, a bullish signal from the KDJ, and a bearish signal from the RSI [1]. - Similarly, the COMEX silver also indicates a bearish signal from the MACD, a bullish signal from the KDJ, and a bearish signal from the RSI [1].

Core Viewpoint - The domestic and international precious metal futures markets are experiencing a decline, influenced by easing geopolitical tensions in the Middle East and ongoing economic uncertainties in the U.S. [1][3][4] Price Movements - As of October 10, domestic precious metal futures are all in the red, with SHFE gold at 901.06 CNY per gram, down 1.30%, and SHFE silver at 11,075.00 CNY per kilogram, down 1.20% [1] - Internationally, COMEX gold is priced at 3,984.70 CNY per ounce, down 0.16%, while COMEX silver is at 47.53 USD per ounce, down 0.36% [1] Market Analysis - The overnight market saw a decline in gold prices, with COMEX gold futures down 1.96% and SHFE gold down 1.17% [4] - The easing of tensions in the Middle East has led to a quick rise and subsequent fall in gold prices, shifting market focus towards the Russia-Ukraine conflict [4] - The U.S. government is facing a shutdown, with multiple failed funding proposals, creating uncertainty in economic data releases and complicating the Federal Reserve's monetary policy decisions [4]

Group 1 - Domestic precious metal futures showed a positive trend on August 26, with SHFE gold quoted at 780.80 CNY per gram, up 0.24%, and SHFE silver at 9370.00 CNY per kilogram, up 0.28% [1] - International precious metals also experienced gains, with COMEX gold priced at 3422.50 CNY per ounce, up 0.34%, and COMEX silver at 38.78 USD per ounce, up 0.61% [1] - The opening prices for SHFE gold and silver were 778.44 CNY and 9344.00 CNY per kilogram, respectively, with their highest prices reaching 782.40 CNY and 9380.00 CNY [2] Group 2 - Recent U.S. economic data showed a decline in new home sales by 0.6% in July, which was below the expected increase of 0.5%, raising concerns about the health of the U.S. economy [3] - Following the weak economic data, there is an increased expectation for interest rate cuts by the Federal Reserve, which has supported gold prices [3] - The U.S. dollar index strengthened by over 0.7%, potentially creating upward pressure on gold prices, leading to a slight pullback in the gold market [3] Group 3 - COMEX gold closed at 3410.7 USD per ounce on August 25, with a gain of 0.23%, while SHFE gold night trading ended at 779.92 CNY per gram, up 0.13% [4] - Upcoming U.S. GDP and PCE data are critical, as disappointing results could further elevate expectations for Federal Reserve rate cuts, potentially supporting gold prices [4]

Core Viewpoint - The domestic precious metals futures market is experiencing a decline, while international prices show mixed results, influenced by geopolitical developments and upcoming central bank meetings [1][3][4]. Price Movements - As of August 19, 2025, the main contracts for domestic gold and silver are priced at 775.28 CNY per gram (down 0.10%) and 9182.00 CNY per kilogram (down 0.30%), respectively [1]. - Internationally, COMEX gold is priced at 3380.40 CNY per ounce (up 0.07%), while COMEX silver is at 37.90 USD per ounce (down 0.45%) [1]. Market Analysis - On August 18, COMEX gold saw a slight decline, closing at 3377.0 USD per ounce (down 0.03%), while SHFE gold also fell to 775.04 CNY per gram (down 0.13%) [4]. - The upcoming Jackson Hole Economic Symposium is anticipated to influence market expectations, particularly regarding potential interest rate cuts by the Federal Reserve, which could provide support for gold prices if dovish signals are communicated [4]. Geopolitical Context - The recent meeting between U.S. President Trump and Ukrainian President Zelensky is a focal point, with discussions on security cooperation and potential future meetings involving Russia, Ukraine, and the U.S. [3]. - Despite some progress in negotiations, significant geopolitical risks remain, which continue to support gold prices as a safe-haven asset [3].

Core Viewpoint - Domestic precious metal futures showed a mixed performance, while international precious metals experienced gains, indicating divergent trends in the market [1][2]. Price Trends - As of August 18, domestic gold futures (沪金) were priced at 777.68 CNY per gram, with a gain of 0.32%, and silver futures (沪银) at 9240 CNY per kilogram, up 0.35% [1]. - Internationally, COMEX gold was quoted at 3396.00 CNY per ounce, reflecting a 0.42% increase, while COMEX silver was at 38.14 USD per ounce, up 0.33% [1]. Market Data - The opening, highest, and lowest prices for key precious metals on August 18 were as follows: - 沪金: Opened at 775.92 CNY, peaked at 777.80 CNY, and dipped to 774.32 CNY per gram [2]. - 沪银: Opened at 9176.00 CNY, reached a high of 9255.00 CNY, and a low of 9154.00 CNY per kilogram [2]. - COMEX Gold: Opened at 3382.40 USD, peaked at 3403.60 USD, and fell to 3368.00 USD per ounce [2]. - COMEX Silver: Opened at 38.04 USD, reached a high of 38.25 USD, and a low of 37.83 USD per ounce [2]. Economic Indicators - The U.S. July CPI rose by 2.7% year-on-year, below the expected 2.8%, while the core CPI increased by 3.1%, exceeding the forecast of 3.0% [3]. - The July PPI, however, rose by 3.3% year-on-year, surpassing expectations and indicating potential inflationary pressures [3]. - Market expectations for a rate cut by the Federal Reserve in September have fluctuated, with a 84.6% probability for a 25 basis point cut [3]. Market Analysis - Recent data from the U.S. shows a mixed outlook on inflation, leading to reduced expectations for the extent of rate cuts in September, although supportive conditions for future cuts remain [4].

Core Insights - Domestic precious metal futures showed mixed performance, with Shanghai gold down 0.05% and Shanghai silver up 1.17% as of August 13 [1] - International precious metals were all in the green, with COMEX gold up 0.08% and COMEX silver up 1.03% [1] Price Trends - Shanghai gold opened at 777.28 CNY/gram, reached a high of 777.82 CNY/gram, and a low of 773.80 CNY/gram [2] - Shanghai silver opened at 9182.00 CNY/kg, peaked at 9285.00 CNY/kg, and dipped to 9135.00 CNY/kg [2] - COMEX gold opened at 3399.60 USD/ounce, with a high of 3405.00 USD/ounce and a low of 3392.70 USD/ounce [2] - COMEX silver opened at 37.94 USD/ounce, hitting a high of 38.34 USD/ounce and a low of 37.88 USD/ounce [2] Market Context - The U.S. national debt has surpassed 37 trillion USD, raising concerns about fiscal imbalance and potential risks in the market [3] - Federal Reserve officials indicated that tariffs have limited impact on inflation, suggesting no immediate rate cuts [3] - Current market expectations show a 93.4% probability of a 25 basis point rate cut in September, with a 59.9% chance of a cumulative 50 basis point cut by October [3] - On August 12, COMEX gold fell by 0.15% to 3399.60 USD/ounce, while Shanghai gold dropped by 0.11% to 776.28 CNY/gram, reflecting ongoing market reactions to rising U.S. debt and interest rate expectations [4]

Group 1 - Domestic precious metal futures showed mixed results on August 6, with Shanghai gold main contract priced at 783.72 CNY per gram, down 0.08%, and Shanghai silver main contract at 9192.00 CNY per kilogram, up 1.29% [1][2] - International precious metal futures also displayed mixed performance, with COMEX gold priced at 3430.80 USD per ounce, down 0.12%, and COMEX silver at 37.89 USD per ounce, up 0.15% [1][2] Group 2 - The U.S. trade balance recorded a deficit of 60.2 billion USD in June, the smallest since September 2023 [3] - The final S&P Global Services PMI for July in the U.S. was 55.7, exceeding expectations of 55.2 and matching the previous value [3] - The probability of maintaining interest rates in September is 7.6%, while the probability of a 25 basis point rate cut is 92.4% [3] Group 3 - On August 5, COMEX gold prices increased by 0.25% to 3435.00 USD per ounce, while Shanghai gold main contract rose by 0.01% to 784.40 CNY per gram [4] - The market currently anticipates a greater than 90% probability of a 25 basis point rate cut by the Federal Reserve in September, which is expected to support stronger gold prices [4]

Group 1 - Domestic precious metal futures showed a positive trend, with Shanghai gold main contract priced at 776.66 CNY per gram, down 0.20%, and Shanghai silver main contract at 9152 CNY per kilogram, down 0.35% [1] - International precious metals also experienced gains, with COMEX gold priced at 3344.50 USD per ounce, up 0.42%, and COMEX silver at 38.23 USD per ounce, up 0.66% [1] - The opening prices for July 16 indicated that Shanghai gold opened at 776.66 CNY per gram, reaching a high of 779.40 CNY and a low of 773.84 CNY [2] Group 2 - The U.S. Treasury Secretary stated there is no need to worry about the deadline for the suspension of additional tariffs between the U.S. and China, indicating that negotiations are progressing positively [3] - The Federal Reserve's Collins noted that tariffs are expected to push inflation higher in the second half of the year, with core inflation projected to remain around 3% by year-end [3] - The latest CME "FedWatch" data shows a 97.4% probability of maintaining interest rates in July, with a 2.6% chance of a 25 basis point cut [3] Group 3 - On July 15, COMEX gold prices fell by 0.85% to 3330.50 USD per ounce, while Shanghai gold main contract decreased by 0.42% to 774.92 CNY per gram [4] - Market concerns regarding inflation due to tariff policies are diminishing as trade negotiations progress, leading to a consolidation phase in the market [4] - Traders are awaiting the potential positive impact of the Federal Reserve's interest rate cut in September [4]

Group 1 - The US dollar index experienced a short-term decline to 97.556 after a strong rise to 97.67, supported by robust non-farm payroll data for June, but has seen a cumulative drop of approximately 10% this year, nearing a three-and-a-half-year low [1] - The US federal debt-to-GDP ratio stands at 125%, and the trend of diversifying the global reserve system continues, indicating a weakening credit foundation for the dollar, which still supports gold in the long term [1] - Gold prices showed a rebound, closing at 3313 after a low of 3280, with short-term resistance levels identified at 3330-3339, while the daily resistance is at 3328 [1] Group 2 - The trading strategy for gold suggests a bullish outlook initially, with plans to short at resistance levels of 3330 and 35, with a stop loss at 3345 and targets set at 3280-3290 [2] - Silver is currently testing a short-term pivot at $36.30, with potential declines to the support range of $35.40-$34.87 if this level is breached, reflecting profit-taking pressures similar to gold [4] - The mid-term trend for silver remains supported by the 50-day moving average at $34.50 and the 200-day moving average at $32.40, maintaining a "buy on dips" strategy [4] Group 3 - In the Shanghai silver market, silver futures prices rose to 8914 yuan/kg, with a slight increase of 0.17%, and trading is advised to wait for a pullback to support levels of 8850 or 8700 before considering long positions [6] - The upward pressure at 9000 and 9100 points in the silver market presents significant challenges for breakout, suggesting a cautious approach to trading [6]

Group 1 - Domestic precious metal futures showed a downward trend on July 4, with Shanghai gold main contract priced at 772.22 CNY per gram, down 0.43%, and Shanghai silver main contract at 8883 CNY per kilogram, down 0.38% [1] - International precious metals also declined, with COMEX gold priced at 3321.50 USD per ounce, down 0.44%, and COMEX silver at 36.80 USD per ounce, down 0.63% [1] - The opening prices for July 4 were 775.38 CNY for Shanghai gold and 8919.00 CNY for Shanghai silver, with respective highs of 777.20 CNY and 8953.00 CNY [2] Group 2 - The U.S. Treasury Secretary indicated that trade negotiations focus on 18 countries contributing to 95% of the U.S. trade deficit, with strategies aimed at applying maximum pressure [3] - Current CME "FedWatch" data shows a 95.3% probability of maintaining interest rates in July, with a 4.7% chance of a 25 basis point cut [3] - Last week, COMEX gold prices increased by 1.84% to 3346.50 USD per ounce, while Shanghai gold rose by 1.10% to 777.06 CNY per gram [4]