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📅 2026-09-21 · COMEX白银 · 单品种早报

本报告来源: MacroTerms.com

数据截止: 2026-09-21

Silver (SI=F) Deep Dive | 2026-09-21: Rally Tests Pivot Resistance | 2026-09-21

Silver closed at 66.83 on 2026-09-20, up 0.4% and extending a three-day rally that has lifted prices 5.21% over five sessions. The metal now sits just above the daily pivot of 66.79, with R1 at 67.03 and S1 at 66.58, while ATR of 1.64 signals elevated volatility. The 20-day change remains -3.8%, reflecting a sharp mid-September selloff that has left the market consolidating. The gold-silver ratio at 66.48 sits in the 51st percentile of its one-year range and only the 17th percentile of its three-year range, suggesting silver is historically expensive relative to gold on a multi-year basis. COT data show net length at 13,124 contracts, down 1,262 week-on-week, with crowding at 55.04 and CTA positioning at 62.0, indicating moderate but not extreme speculative length. The term structure is in contango of 0.275 (0.41%), and the annualized roll yield is -4.93%. With VIX at 14.81 and VXSLV at 40.98, macro volatility is subdued but silver-specific volatility remains elevated. The 10-year Treasury yield at 5% and DXY at 100.25 are key headwinds. We maintain a balanced near-term view, favoring tactical longs on dips toward S1 but respecting resistance at R1 and the 20-day high.

往期早报

2026-10-09:单品种Silver (SI=F) Deep Dive | Bullish Rebound Play on Oversold Technicals | 2026-10-09 查看 2026-10-08:单品种Silver (SI=F) Deep Dive | Short Bias on Weakness | 2026-10-08 查看 2026-10-07:单品种Silver (SI=F) Deep Dive | 2026-10-07 — Base-building above 60, LONG into 63.1 | 2026-10-07 查看 2026-10-06:单品种Silver (SI=F) Deep Dive | 2026-10-06 — Bearish: 20D Downtrend Intact, 61.45 Pivot Caps | 2026-10-06 查看 2026-10-05:单品种Silver (SI=F) Deep Dive | 2026-10-05 — Bearish, 59.99 Floor Under Pressure | 2026-10-05 查看 2026-10-04:单品种Silver (SI=F) Deep Dive | 2026-10-04 — Bearish Below 60.95, Sellers Control the Tape | 2026-10-04 查看 2026-10-03:单品种Silver (SI=F) Deep Dive | 2026-10-03 — Bearish: 20-Day Channel Floor at Risk | 2026-10-03 查看 2026-10-02:单品种Silver (SI=F) Deep Dive | 2026-10-02: Bearish, 60.26 Support Under Pressure | 2026-10-02 查看 2026-10-01:单品种Silver (SI=F) Deep Dive | 2026-10-01 — Bearish: 20-Day Channel Floor at Risk | 2026-10-01 查看 2026-09-30:单品种Silver (SI=F) Deep Dive | 2026-09-30 — Bearish, 20-Day Channel Floor at 61 Under Siege | 2026-09-30 查看 2026-09-29:单品种Silver (SI=F) Deep Dive | 2026-09-29: Contango Widens as Selloff Deepens | 2026-09-29 查看 2026-09-28:单品种Silver Deep Dive | Range-Bound, 64.24 Pivot in Focus | 2026-09-28 查看 2026-09-27:单品种Silver (SI=F) Deep Dive | 2026-09-27 — Long the 62.75–63.89 Retest, Invalidation 62.75 | 2026-09-27 查看 2026-09-26:单品种Silver (SI=F) Deep Dive | 2026-09-26: Range-Bound Amid Macro Crosscurrents | 2026-09-26 查看 2026-09-25:单品种Silver (SI=F) Deep Dive | 2026-09-25: $63 Support Tested as Real Yields Bite | 2026-09-25 查看 2026-09-24:单品种Silver (SI=F) Deep Dive | 2026-09-24 | Consolidation Amid Macro Crosscurrents | 2026-09-24 查看 2026-09-23:单品种Silver (SI=F) Deep Dive | 2026-09-23: Rangebound, 66 Pivot in Focus | 2026-09-23 查看 2026-09-22:单品种Silver (SI=F) Deep Dive | 2026-09-22: Consolidation After Rally, 65.8 Support in Focus | 2026-09-22 查看 2026-09-20:单品种Silver (SI=F) Deep Dive | 2026-09-20: Breakout Above $66 on Tightening Supply | 2026-09-20 查看 2026-09-19:单品种白银(SI=F)深度分析报告 | 2026-09-19 | 单日+3.53%放量突破枢轴P | 2026-09-19 查看

⟠ 本月策略回测表现

每日早报 AI 观点逐日跟踪结算 · 止损/目标客观撮合

* 回测基于日报交易观点逐日结算:止损/目标先到为准,窗口末按收盘平仓。过往表现不代表未来收益。