Guizhou Renbaoxin Commodity Trading Center

Guizhou Renbaoxin Bulk Commodity Trading Center investment hotline, real-time market analysis, all market breakthroughs, professional investment solutions, accurate online orders, sincerely recruiting personal agents, company agents from January to February, London spot The highest price of silver is US$/ounce, the lowest is US$/ounce, and the range volatility is .%. The market main force's washing-up technique of first suppressing, then rising, and then suppressing makes the market frightened. The current dollar/ounce area of London spot silver has become the most intense battlefield for long and short competition in the silver market. The recent weak oscillation pattern is also in line with the seasonal fluctuation pattern of silver in the second quarter.

Although the current silver price is still in the mid-term downward channel, considering that factors such as the British election, the situation in Greece, and geopolitical wars have always affected the risk aversion nerves of the financial market, and the recent performance of U.S. economic data has been good or bad. However, expectations of the Federal Reserve raising interest rates fluctuate, and there is still strong bargain hunting power below the price of silver. It is expected that in the middle and late second quarter, silver prices will maintain weak and wide fluctuations, and market entry opportunities for long-term investors will gradually emerge.

The Federal Reserve's interest rate hike boots are on the way, and the demand for safe havens in precious metals may explode

Against the macroeconomic background of a loosening global monetary environment, the European political and economic crisis, geopolitical factors and other issues continue to As the global economy continues to face recovery difficulties, there is an undercurrent of demand for safe haven and value preservation in precious metals represented by gold and silver. However, expectations of the Federal Reserve raising interest rates hang high like the Sword of Damocles. This topic has been speculated by the market for nearly two years, and silver prices have always been difficult to see a major improvement. As the dust settles on the Federal Reserve's final decision to raise interest rates, it is expected that the topic of its interest rate hikes will no longer be able to cover up the global risk premium demand for silver. Before the Federal Reserve raises interest rates, the last push of short forces may bring buying for long-term investors. Chance.

The key resistance is difficult to overcome, and buyers are waiting for entry opportunities

The demand side usually affects the price of precious metals in the long term. Due to the strong correlation between gold and silver, the supply and demand of gold It has a strong impact on the price of silver, and the ups and downs experienced by the precious metals market in the week of May are also due to supply and demand factors.

In the first quarter, domestic demand for gold jewelry fell slightly by %, and demand for gold coins and gold bars fell by %. In the first quarter, India's gold demand was . tons, a .% decrease compared to last year's . tons. The poor performance of demand in Asia, represented by China and India, caused global physical gold demand to fall by 1% in the first quarter. The overall global gold coin investment demand fell by % in the first quarter, which was the worst quarter since the beginning of the year.

According to the analysis of market trading conditions in recent years, in addition to the influence of seasonal rigid factors such as festivals or weddings, the current physical supply and demand of precious metals has the characteristics of helping to increase and decrease the price of silver. more obvious. Until silver breaks through the key psychological price level, it is difficult to be the driving force behind the upward movement of silver prices. At present, only if the price of silver quickly breaks through the regional resistance of USD/oz above, can more buying intervention be induced.

Agricultural week risk events are intensive, and silver oscillates in a wide range to find direction

China and May are usually the worst months for precious metals. Although the US dollar may usher in a red May, precious metals The broken iron has not yet been sold, because the monthly non-agricultural data is still unknown, and the Greek issue, the British election and the geopolitical conflict between Saudi Arabia and Yemen this week will provide strong support for silver prices.

Generally speaking, silver shorts made the first move last week and had a slight advantage, but they have now been supported by bargain hunting. At present, the Fed's attitude is ambiguous, and interest rate hike expectations are high above the silver market, and the bullish offensive in the silver market is restricted. In the short term, before the release of non-agricultural data, silver prices will still maintain the current weak oscillation pattern. Taking into account that after the Federal Reserve raises interest rates, the market focus will turn to the global loose monetary policy trend. In the long run, silver prices may rise sharply.

From a technical point of view, silver prices have gradually constructed a quadruple bottom structure since the third quarter of last year, with medium and long-term indicators running around the central axis and waiting to explode. The probability of monthly gold prices being weak and oscillating in a wide range is still high. The key resistance above is US$/ounce, and below is around US$/ounce. It can be used as a reference point for long-term investment.