#美国证券交易委员会推进数字资产监管框架创新 Spot Silver Price Trend Deep Dive | Supply and Demand Gap Reshaping Price Patterns

【Fundamental Background】
The Federal Reserve announced a 25 basis point rate cut in December. Although the stance remains hawkish, the market generally expects 2-3 more rate cut opportunities by 2026, which means that the low interest rate environment will continue to suppress the opportunity cost of holding gold. From the supply side, global silver faces a supply gap of 95 million ounces in 2025, and exchange inventories have fallen to their lowest levels in a decade.

Changes on the demand side are even more noteworthy — the photovoltaic industry’s consumption of silver has risen to 55%. Expansion in industries such as new energy vehicles and AI computing servers is unleashing unprecedented industrial demand. This structural imbalance is not a short-term fluctuation but a long- to medium-term price support logic.

【Technical Analysis】
Looking at the 1-hour chart, spot silver shows a strong bullish trend. Starting around 57, it surged intraday to a high of 62.868, with bullish momentum remaining strong during the rise.

【Trading Reference】
Support levels: 61.4-60.4 range
Target levels: around 62.4-63.0

The market moves quickly, so close monitoring of data changes is necessary. If unsure about the timing, it is recommended to observe and confirm before entering trades.