Haitong Futures: Geopolitical Volatility Intensifies, Precious Metals Oscillate Upward

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Recently, the COMEX silver delivery period is approaching, and the short-term supply and demand imbalance in precious metals spot markets is unlikely to ease. Investors should pay attention to potential delivery waves caused by unexpected changes in spot demand and monitor changes in New York silver holdings. The expected price ranges for COMEX gold and silver are $4,900–$5,300 and $75–$100, respectively. Geopolitically, there are expectations of a new round of military actions by the US and Israel against Iran: the Lincoln carrier strike group has entered the Arabian Sea, and the Ford carrier strike group has entered the Mediterranean on the 20th. Meanwhile, the US continues military mobilization and logistics movements toward Europe and the Middle East, and is evacuating personnel and equipment from military bases around Iran. Additionally, multiple countries are demanding their citizens in Iran to evacuate immediately. The situation is becoming increasingly tense; it is recommended to control positions carefully. (Haitong Futures)

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