Product Details
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Market Review
The highest price of London Silver on the previous trading day was US$/ounce, and the lowest price dropped to US$/ounce, closing at US$/ounce, a decrease of US$/ounce from the previous trading day. .
Shanghai Silver [] opened at yuan/kg last night, with the highest price yuan/kg, the lowest price yuan/kg, and closed at yuan/kg, down yuan/kg from the previous trading day, decline, open interest, day Increase positions.
Fundamental Analysis
Data released on March 1 showed that driven by the output of machinery and resources, the U.S. Chicago Fed Midwest Manufacturing Index rose at a monthly rate to
National Real Estate Brokers Data released by the National People's Association on March 1 showed that the U.S. monthly existing home contracted sales index fell to 1.5% on a monthly basis, indicating that rising mortgage rates may slow down the momentum of the real estate market in the coming months. .
As of March 1, Qingdao International's nonferrous metal positions were the same as the previous trading day.
Comprehensive analysis
In the mid-term trend analysis monthly chart, the gold price is still below the periodic moving average, the moving average of each period is generally moving toward the lower line, and the long, medium and short-term waterfall lines are arranged from top to bottom. The short position is flattening, and the periodic moving average puts pressure on future prices. The green kinetic energy column gradually disappears and almost crosses the low. The mid-term market shows signs of turning from idle to bullish. However, the author believes that the U.S. dollar index has been weak recently and has fallen for three consecutive weeks. The signal of U.S. economic recovery is clear. The continued decline of the U.S. index from the monthly high is just a short-term correction of the mid-term rise. This week’s news will usher in the decision of the three major European, British and American central banks, such as the U.S. monthly non-farm payrolls and preliminary second quarter U.S. non-farm payrolls. , so it may have a turning impact on the precious metals market, so the author recommends manufacturing enterprises
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