Haitong Futures: Geopolitical Volatility Intensifies, Precious Metals Fluctuate and Rise

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Soon entering the COMEX silver major delivery period, while the demand for precious metals spot supply remains tight and unlikely to ease in the short term, attention should be paid to the potential impact of unexpected changes in spot demand on the market, especially the influence of delivery waves. Monitor changes in New York silver positions. 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 in the Middle East and Europe, and is withdrawing 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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