2026 年跨商品展望更新：当前位置战术性看多原油与贵金属，结构性看多欧洲铝期货-Cross-Commodity Outlook 2026 Update tactically bullish oil and precious metals from current levels structurally bullish aluminium EUAs

Vi e w p o i n t | 14 Jan 2026 10:14:04 ET │ 23 pages Cross-Commodity Outlook We see silver continuing to outperform gold near term and rising to $100/oz vs gold rising to touch $5,000/oz. These price levels should also provide strong opportunities for producers and central banks to take insurance against downside from extremely high price levels. Meanwhile, our base case expectations for an improvement in growth sentiment and actual activity by 2H'26 should support sustained bull markets from current price ...