Core Viewpoint - The silver market is currently influenced by a combination of strong U.S. labor market data and uncertainties surrounding Federal Reserve interest rate policies, leading to a high volatility environment for silver prices [3]. Group 1: Silver Price Movement - As of July 11, 2025, the spot silver price is trading at $37.43 per ounce, with a daily range between $36.87 and $37.48 [1][2]. - The opening price for silver today was $36.99 per ounce [1]. Group 2: Economic Indicators - Recent U.S. non-farm payroll data has shown strong performance, with initial jobless claims dropping to 227,000, indicating a robust labor market [3]. - The expectation for an immediate interest rate cut by the Federal Reserve has decreased significantly due to these labor market indicators [3]. Group 3: Market Dynamics - Silver is currently experiencing dual influences: inflows of safe-haven funds and hawkish signals from the Federal Reserve, which are limiting bullish positions in silver [3]. - Trade tensions, particularly Trump's new tariff threats, including a 50% tariff on copper starting August 1, are adding to economic uncertainty and potential inflation concerns [3]. Group 4: Trading Strategy - A bullish trading strategy is suggested, with a focus on maintaining long positions if silver stabilizes around the $36.8 level and breaks above $37.2, targeting $37.5 [4].

但另一方面，贸易战阴云密布，投资者纷纷寻求避险资产，白银作为传统的避险天堂，其避险属性被充 分激发，吸引了大量资金流入，推动价格上涨。 | 今日白银价格最新查询（2025年7月9日） | | | | --- | --- | --- | | 名称 | 最新价 | 单位 | | 现货白银 | 36.46 | 美元/盎司 | | 白银t+d | 8854 | 元/千克 | | 纸白银 | 8.414 | 元/克 | | 沪银主力 | 8899 | 元/千克 | 【基本面解析】 近日，美国总统特朗普一系列关税政策的宣布，如巨石投入平静湖面，令全球金融市场泛起层层涟漪。 从对日韩产品征收 25% 关税，到对多个国家制定不同税率的关税政策，贸易紧张局势急剧升温。 这一不确定性因素，使得市场避险情绪迅速攀升。一方面，美元在短期内因市场对美国经济及政策的预 期出现波动，而美元与白银通常呈现反向关系，这对白银价格产生了一定的压力。 北京时间周三（7月9日）欧盘时段，美元指数交投于97.50附近，现货白银目前交投于36.46美元/盎司， 今日开盘于36.69美元/盎司，截至发稿白银价格最高上探36.76美元/盎司，最低触及36. ...

Group 1 - The current silver price is $36.76 per ounce, with a trading range between $36.64 and $36.86 during the day [1][2] - The strong U.S. dollar is putting downward pressure on silver prices, as investors flock to the dollar amid trade uncertainties [3][4] - The market is facing unpredictability due to conflicting ideologies between Trump's protectionist policies and Musk's advocacy for free trade, which may complicate silver's role as a hedge [4] Group 2 - Analysts warn that if silver fails to hold the short-term pivot at $36.30, it could lead to a price drop to the major support range of $35.40 to $34.87 [5] - The market is currently experiencing profit-taking pressure, similar to gold, as investors reassess their positions ahead of clarity on U.S. trade policies and Federal Reserve actions [5] - The medium-term trend 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 [5]

Core Viewpoint - Precious metals such as gold, silver, and platinum are increasingly favored by investors due to their strong inflation resistance and safe-haven characteristics in uncertain global economic conditions [1] Group 1: Channels for Precious Metal Investment Account Opening - Domestic precious metal investment accounts are primarily opened through three main channels: banks, futures companies, and exchange member units [2] - Banks like Industrial and Commercial Bank of China and China Construction Bank offer account precious metal trading services suitable for low-risk investors [2] - Futures companies require opening accounts through regulated firms for trading gold and silver futures listed on the Shanghai Futures Exchange [2] - Exchange member units, such as the Hong Kong Gold Exchange and Shanghai Gold Exchange, provide trading services for physical gold and London gold, necessitating a thorough verification of regulatory qualifications [2] Group 2: Recommended Safe Account Opening Platforms - **Wanzhou Gold Industry**: Operates under Hong Kong Gold Exchange AA Class Member No. 141, with an average daily trading volume exceeding $5 billion and a transparent trading flow query function [4] - **Jinrong China**: Also under Hong Kong Gold Exchange AA Class Member No. 84, supports 24/7 trading with a minimum entry of $50 and has been rated as "Best Transparent Trading Platform" for three consecutive years [5] - **Huatai Securities**: Has over 8 million monthly active users and integrates various features including precious metal market data and educational courses [6] - **CITIC Construction Investment Futures**: Offers a self-developed app with a simulated trading competition attracting over 100,000 participants annually [9] - **Guotai Junan Futures**: An AA-rated futures company with a CTP trading system that supports algorithmic trading and has a risk reserve fund exceeding 3 billion yuan [12][13] Group 3: Account Opening Guidelines and Cautions - Investors should be wary of high-yield traps, as platforms claiming "guaranteed returns" or "risk-free arbitrage" are often scams [15] - It is crucial to verify the deposit and withdrawal rules of platforms, ensuring that transactions are conducted through bank channels with clear timelines [16] - New investors are advised to start with low leverage (≤1:50) to mitigate the risk of liquidation due to market fluctuations [17]

北京时间周一（7月7日）欧盘时段，美元指数交投于97.37附近，现货白银目前交投于36.57美元/盎司， 今日开盘于36.88美元/盎司，截至发稿白银价格最高上探37.21美元/盎司，最低触及36.34美元/盎司。 今日白银价格最新查询（2025年7月7日） | 名称 | 最新价 | 单位 | | --- | --- | --- | | 现货白银 | 36.57 | 美元/盎司 | | 白银t+d | 8860 | 元/千克 | | 纸白银 | 8.429 | 元/克 | | 沪银主力 | 8872 | 元/千克 | 【基本面解析】 分析机构Jyske Markets认为，在7月9日美国关税谈判的最后期限前夕，市场表现出一些紧张情绪，但没 有出现恐慌。Jyske说，投资者在本周一开始就抱着某种观望的态度。特朗普表示，关税信函最早将于 周一发出，通知各国新关税，而美国商务部长表示，关税要到8月1日才会生效。"尽管今天有一些紧张 情绪，但市场对关税形势的反应似乎要放松得多，因此预计不会重演4月25日解放日之后的恐慌局 面。"本周数据清淡，关税将是主要焦点。 自从宣布全面征收所谓的对等关税以来，特朗普政府只与英国和 ...

Group 1 - The current trading price of silver is $36.87 per ounce, with a daily high of $36.93 and a low of $36.60 [1] - Goldman Sachs has revised its forecast for U.S. Treasury yields, predicting a decrease to 3.45% for the two-year yield and 4.20% for the ten-year yield, down from previous estimates of 3.85% and 4.50% respectively [1] - The recent strong employment data in the U.S. has eased pressure on the Federal Reserve, but Goldman Sachs strategists remain cautious, noting that the significant contribution from government hiring and a slight decline in labor participation rate weaken the data's impact [1] Group 2 - The silver market is attempting to break above $37.00, with potential resistance levels at $37.30 to $37.50 if it surpasses this threshold [2] - Key support levels for silver are identified at $36.55 and $36.30, while resistance levels are at $37.00 and $37.20 [3]

周四（7月3日），美国财政部长贝森特在接受CNBC采访时抛出一枚重磅炸弹：特朗普政府将在今年秋 季正式启动寻找美联储主席鲍威尔接替人选的工作。这一消息不仅引发了市场和媒体的广泛关注，也为 美国经济政策的未来走向增添了更多不确定性。贝森特在采访中还就关税、通胀、利率政策以及他本人 是否可能身兼美联储主席等话题发表了重要看法。 贝森特在采访中明确表示，特朗普政府计划在今年秋季启动寻找美联储主席鲍威尔接替人选的工作。他 透露，政府已经锁定了"很多不错的候选人"，但具体人选尚未公开。鲍威尔作为特朗普首次任期内任命 的美联储主席，近年来因货币政策与特朗普的理念冲突频频遭到公开批评。特朗普甚至多次公开要求鲍 威尔辞职，但根据法律，总统无权因政策分歧直接解雇美联储主席。这一矛盾使得鲍威尔的去留成为市 场关注的焦点。 贝森特强调，政府将在劳动节后集中精力推进这一任命。他提到，特朗普近期忙于推动和平协议、贸易 协议以及税收法案等重大议程，这些事务的进展为美联储主席的提名工作腾出了空间。这一表态不仅暗 示了特朗普政府对美联储未来领导层的重视，也为秋季的政坛动态埋下了伏笔。 周五（7月4日)亚市盘中，纸白银目前交投于8.475元/ ...

【要闻速递】 美联储主席鲍威尔近期面临特朗普及其他联储官员施加的降息压力，然而，此刻更令他忧心的是美国劳 工统计局（BLS）经济数据质量的悄然下滑。 在回应众议员萨姆·利卡多关于数据质量的质询时，鲍威尔表示："我目前虽未对数据感到担忧，但调查 范围的轻微缩减确实引起了我的注意。"他进一步补充道："这种趋势的发展无疑让我感到忧虑。" 今日周四（6月26日)亚盘时段，纸白银目前交投于8.342一线上方，今日开盘于8.301元/克，截至发稿， 纸白银暂8.368元/克，上涨0.77%，最高触及8.381元/克，最低下探8.298元/克，目前来看，纸白银盘内 短线偏向看涨走势。 就业市场的数据同样存在水分。5月非农报告显示新增就业岗位13.9万个，但策略师彼得·贝雷津和经济 学首席美国经济学家塞缪尔·汤姆斯均认为，这一数字最终可能会下修至10万左右。 【最新纸白银行情解析】 纸白银关键支撑区间位于8.131-8.200元/克区域，若该区间失守，后续可能面临进一步下行压力，动态 支撑可关注8.210元/克水平。当前上行阻力带集中于8.410-8.490元/克区间，若有效突破该阻力带，则后 市可能向上测试8.500元/克 ...

特朗普的智囊团队透露，总统近期正深入考量一个核心议题：若美国介入以色列与伊朗的冲突，并动用 巨型钻地弹，这些武器是否足以穿透并摧毁伊朗那些防护森严的核设施？ 在周三的一次讨论中，特朗普对行动的成功率表示了疑虑，这成为他迟迟未决、持续审视是否应推进打 击计划的关键因素。 据美国高层官员透露，特朗普力求确保任何军事行动都基于绝对必要性，避免将美国卷入中东地区的长 期纷争，同时强调行动必须精准有效，真正达成削弱乃至消除伊朗核威胁的目标。 与此同时，以色列总理内塔尼亚胡及其驻华盛顿大使莱特均暗示，以色列国防军在考虑空袭之外，还拥 有其他战术选项。 今日周四（6月19日)亚盘时段，纸白银目前交投于8.609一线下方，今日开盘于8.519元/克，截至发稿， 纸白银暂8.492元/克，下跌0.70%，最高触及8.539元/克，最低下探8.436元/克，目前来看，纸白银盘内 短线偏向看跌走势。 【要闻速递】 其中一种备选方案是高风险的特种部队突袭行动。回顾去年9月，以色列特种部队就曾成功实施类似小 规模的突袭，通过精心策划的炸药安置与引爆，成功摧毁了叙利亚境内一处隐秘的地下导弹制造设施， 展现了其非传统作战能力。 【最新纸白 ...

今日周三（6月18日)亚盘时段，纸白银目前交投于8.609一线上方，今日开盘于8.584元/克，截至发稿， 纸白银暂8.597元/克，上涨0.20%，最高触及8.609元/克，最低下探8.540元/克，目前来看，纸白银盘内 短线偏向看涨走势。 【要闻速递】 尼古拉斯·科拉斯认为，美联储主席鲍威尔在本周政策会议结束后宣布降息计划的概率微乎其微，这一 情况与其前三任主席的卸任模式极为相似。 科拉斯提醒道："投资者深知，美联储主席们在离任前的数月里，往往会将抗通胀遗产的维护置于首 位。鲍威尔或许正在权衡历史对其维护美联储政治独立性方面的看法。因此，周三会议结束后声明中的 每一句话乃至每一次沉默，都应当从这个视角去解读。" 【最新纸白银行情解析】 纸白银关键支撑区间位于8.300-8.390元/克区域，若该区间失守，后续可能面临进一步下行压力，动态 支撑可关注8.310元/克水平。当前上行阻力带集中于8.600-8.690元/克区间，若有效突破该阻力带，则后 市可能向上测试8.700元/克关键位置。 鲍威尔的任期将于明年5月结束，在此期间仅剩8次FOMC会议（包含本周这次）。科拉斯在客户报告中 着重指出："过去三位主 ...