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Data as of: 2026-09-30 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
沪银(SHFE.AG)深度分析报告|偏空 | 2026-10-08
结论:沪银(SHFE.AG)短期趋势偏空,核心逻辑在于价格跌破关键支撑且国际与中国市场联动走弱。截至2026年10月8日,沪银主力合约M2612结算价为14589元/千克,较前一日下跌3.46%,且盘中最低触及14317元/千克,有效跌破20日通道下沿14745元/千克。技术面上,5日跌幅达-6.08%,20日跌幅扩大至-7.79%,显示空头动能强劲。基本面方面,COMEX注册库存增至102.82 Moz,SHFE仓单增加30,504千克,供应压力显现。尽管金银比处于历史低位,但白银自身弱势更甚于黄金,国际与中国市场溢价收窄至+1.51%。方向失效条件:若价格重新站稳14745元/千克上方,则偏空逻辑证伪,转为震荡观望。
This brief is published in Chinese. The English translation is being prepared.
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