<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/03/pexels-volkan-sorkun-83495132-8844580-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="2560" height="1440" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/03/pexels-volkan-sorkun-83495132-8844580-scaled.jpg"/></p>
<p>银价在周五刷新了历史最高点，证明这波上涨不仅仅是受到美联储的驱动。由于持续的经济不确定性和地缘政治风险，投资者正在寻求在白银中获得投资机会，他们预计银价将进一步上涨。这种情绪推动了银 ETF 的资金流入，11 月的流入量达到了自 7 月以来的最高水平。此外，工业需求在物理市场供应紧张的情况下激增。</p>
<h2>超越美联储决策的银价分析</h2>
<p>SLV ETF 股票在最近几周呈现出抛物线式的上涨，期间多次刷新历史最高点。值得注意的是，这一激增的主要驱动因素之一是市场对美联储降息的预期。因此，似乎鹰派的指引可能会减缓上涨，同时增强美元的强势。</p>
<p>正如金融市场的预期，美联储将利率下调了 25 个基点，将借贷利率降至 3.5% 至 3.75% 之间。这是今年的第三次降息，政策制定者之间存在不同意见，杰罗姆·鲍威尔称此次投票为 “接近的选择”。</p>
<p>虽然中央银行并不认为未来几个月会加息，但其前景是预计在 2026 年会有一次降息。根据鲍威尔的说法，美联储已经做了足够的工作来帮助美国劳动力市场正常化，同时允许通胀恢复向 2% 的目标下降。</p>
<p>通常情况下，美联储的鹰派语气会对银价产生压力。然而，在 FOMC 声明后的走势表明，这波上涨不仅仅是受到美联储的驱动。相反，物理市场的需求增加和供应紧张仍然是上涨的主要驱动因素。</p>
<p>与黄金年初至今约 60% 的价格上涨相比，自 2025 年初以来，银价的价值已翻倍。尽管黄金今年表现出色，投资者仍将白银视为珠宝和投资的优选替代品。其工业需求也因医疗技术、太阳能电池板和电动车等产品而激增。</p>
<p>此外，稳定的 ETF 资金流入推动了这波上涨，因为投资者预计经济不确定性和地缘政治风险将维持贵金属的避险吸引力。在 11 月，银 ETF 的资金流入量达到了自 7 月以来的最高水平，达到 1570 万盎司。考虑到这一强劲的需求前景，SLV 银 ETF 在短期内可能会延续其上涨趋势。</p>
<h2>SLV ETF 股票技术分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/SLV-ETF-stock-1024x579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="579" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/SLV-ETF-stock-1024x579.png"/></p>
<p>SLV ETF 股票图表 | 来源：TradingView</p>
<p>周三，iShares Silver Trust ETF 延续了前一交易日的涨势，创下了 566.07 美元的新历史最高点。自两周前重新测试 2012 年水平以来，这只顶级银 ETF 已记录了六次新的历史最高点，因为物理需求激增，供应紧张。</p>
<p>从其日线图来看，这波上涨已将资产推至超买区域，RSI 为 75。虽然预计短期内会出现修正性回调，但多头有机会推动 SLV 银价进一步上涨，因为更多买家寻求投资机会。</p>
<p>在当前水平上，进一步上涨可能会使其达到 57 美元及以上，因为多头瞄准 60 美元的关键区域。相反，预计的健康回调可能会使银 ETF 在之前的阻力位 53.29 美元获得支撑。进一步的回调可能会激活短期 25 日 EMA 的下方支撑位 49.47 美元。</p>
<p>SLV ETF 股票分析：银价动能增强的文章首次出现在 Invezz 上。</p>

白银信托 ETF - iShares

<p>银价创下历史新高，受到经济不确定性和地缘政治风险的推动，银 ETF 的资金流入达到自七月份以来的最高水平。SLV ETF 大幅上涨，受到美联储降息和强劲工业需求的影响。尽管可能出现修正性回调，但该 ETF 预计将继续上涨，目标价为 57 美元和 60 美元。支撑位在 53.29 美元和 49.47 美元</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/03/pexels-volkan-sorkun-83495132-8844580-scaled.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2025/03/pexels-volkan-sorkun-83495132-8844580-scaled.jpg"/></p>
<p>Silver price refreshed its record high on Friday, proving that the rally was not just Fed-driven. With the persistent economic uncertainties and geopolitical risks, investors are seeking exposure in the white metal, which they expect to rally further. This sentiment has bolstered silver ETF inflows, with November marking its highest level since July. Besides, its industrial demand has surged at a time when the physical market is experiencing supply tightness.</p>
<div class="lb-trans"><p>银价在周五刷新了历史最高点，证明这波上涨不仅仅是受到美联储的驱动。由于持续的经济不确定性和地缘政治风险，投资者正在寻求在白银中获得投资机会，他们预计银价将进一步上涨。这种情绪推动了银 ETF 的资金流入，11 月的流入量达到了自 7 月以来的最高水平。此外，工业需求在物理市场供应紧张的情况下激增。</p>
</div><h2>Silver price analysis beyond the Fed decision</h2>
<div class="lb-trans"><h2>超越美联储决策的银价分析</h2>
</div><p>The SLV ETF stock has been on a parabolic surge in recent weeks; refreshing its all-time high several times along the way. Notably, one of the key drivers of this spike has been expectations of an interest rate cut by the Federal Reserve. As such, it appeared likely that a hawkish guidance would ease the rallying while strengthening the US dollar.</p>
<div class="lb-trans"><p>SLV ETF 股票在最近几周呈现出抛物线式的上涨，期间多次刷新历史最高点。值得注意的是，这一激增的主要驱动因素之一是市场对美联储降息的预期。因此，似乎鹰派的指引可能会减缓上涨，同时增强美元的强势。</p>
</div><p>True to the financial markets’ expectations, the Fed cut interest rates by a quarter percentage point, bringing the lending rates to between 3.5% and 3.75%. This third reduction of the year came amid differing opinions among the policymakers with Jerome Powell terming the vote as “a close call”.</p>
<div class="lb-trans"><p>正如金融市场的预期，美联储将利率下调了 25 个基点，将借贷利率降至 3.5% 至 3.75% 之间。这是今年的第三次降息，政策制定者之间存在不同意见，杰罗姆·鲍威尔称此次投票为 “接近的选择”。</p>
</div><p>While the central bank does not see a rate hike as being the base case for the coming months, its outlook is for one cut in 2026. According to Powell, it has done enough to help normalize the US labor market while allowing inflation to resume its decline towards the 2% target.</p>
<div class="lb-trans"><p>虽然中央银行并不认为未来几个月会加息，但其前景是预计在 2026 年会有一次降息。根据鲍威尔的说法，美联储已经做了足够的工作来帮助美国劳动力市场正常化，同时允许通胀恢复向 2% 的目标下降。</p>
</div><p>Ordinarily, a hawkish tone from the Fed would weigh on silver prices. However, its movements after the FOMC statement have indicated that the rally is not merely Fed-driven. Instead, heightened demand and supply tightness in the physical market remain the primary drivers of the uptrend.</p>
<div class="lb-trans"><p>通常情况下，美联储的鹰派语气会对银价产生压力。然而，在 FOMC 声明后的走势表明，这波上涨不仅仅是受到美联储的驱动。相反，物理市场的需求增加和供应紧张仍然是上涨的主要驱动因素。</p>
</div><p>Compared to gold’s price surge of about 60% ytd, silver price has more than doubled its value since the start of 2025. While gold has recorded stellar performance this year, investors have embraced the white metal as a preferred alternative for jewelry and investment. Its industrial demand has also surged from products like medical technology, solar panels, and EVs.</p>
<div class="lb-trans"><p>与黄金年初至今约 60% 的价格上涨相比，自 2025 年初以来，银价的价值已翻倍。尽管黄金今年表现出色，投资者仍将白银视为珠宝和投资的优选替代品。其工业需求也因医疗技术、太阳能电池板和电动车等产品而激增。</p>
</div><p>Besides, steady ETF inflows have bolstered the rally as investors expect economic uncertainties and geopolitical risk to sustain the precious metal’s safe-haven appeal. In November, silver ETF inflows hit the highest level since July at 15.7 million ounces. With this solid demand outlook, SLV silver ETF will likely extend its uptrend; at least in the short term.</p>
<div class="lb-trans"><p>此外，稳定的 ETF 资金流入推动了这波上涨，因为投资者预计经济不确定性和地缘政治风险将维持贵金属的避险吸引力。在 11 月，银 ETF 的资金流入量达到了自 7 月以来的最高水平，达到 1570 万盎司。考虑到这一强劲的需求前景，SLV 银 ETF 在短期内可能会延续其上涨趋势。</p>
</div><h2>SLV ETF stock technical analysis</h2>
<div class="lb-trans"><h2>SLV ETF 股票技术分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/SLV-ETF-stock-1024x579.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/12/SLV-ETF-stock-1024x579.png"/></p>
<p>SLV ETF stock chart | Source: TradingView</p>
<div class="lb-trans"><p>SLV ETF 股票图表 | 来源：TradingView</p>
</div><p>On Wednesday, the iShares Silver Trust ETF extended gains from the previous session to hit a fresh record high of $566.07. Since retesting its 2012 levels about two weeks ago, the top silver ETF has recorded six fresh all-time highs as physical demand surges and supply tightens.</p>
<div class="lb-trans"><p>周三，iShares Silver Trust ETF 延续了前一交易日的涨势，创下了 566.07 美元的新历史最高点。自两周前重新测试 2012 年水平以来，这只顶级银 ETF 已记录了六次新的历史最高点，因为物理需求激增，供应紧张。</p>
</div><p>A look at its daily chart indicates that the rallying has pushed the asset to the overbought territory at an RSI of 75. While a corrective pullback is expected in the near-term, the bulls have the chance to push SLV silver price higher as more buyers seek exposure.</p>
<div class="lb-trans"><p>从其日线图来看，这波上涨已将资产推至超买区域，RSI 为 75。虽然预计短期内会出现修正性回调，但多头有机会推动 SLV 银价进一步上涨，因为更多买家寻求投资机会。</p>
</div><p>At its current level, further rallying will likely see it reach $57 and beyond as the bulls eye the crucial zone of $60. On the flip side, the expected healthy decline may have the silver ETF gain support at the previous resistance level of $53.29. A further pullback will likely activate the lower support along the short-term 25-day EMA at $49.47.</p>
<div class="lb-trans"><p>在当前水平上，进一步上涨可能会使其达到 57 美元及以上，因为多头瞄准 60 美元的关键区域。相反，预计的健康回调可能会使银 ETF 在之前的阻力位 53.29 美元获得支撑。进一步的回调可能会激活短期 25 日 EMA 的下方支撑位 49.47 美元。</p>
</div><p>The post SLV ETF stock analysis as silver prices momenttum gains steam appeared first on Invezz</p>
<div class="lb-trans"><p>SLV ETF 股票分析：银价动能增强的文章首次出现在 Invezz 上。</p>
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随着白银价格动能加速，SLV ETF 股票分析