M
樞安量化 MacroTerms
👑 購買會員 個人中心
📰 早報內參 👤 會員總覽 ⚙️ 帳戶設定 📒 策略本 🧾 訂閱與帳單 🎫 線上工單
📅 2026-09-21 · COMEX白銀 · 單品種深度報告

本報告來自 MacroTerms.com

數據截止: 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.

往期研報封存

2026-10-09:單品種Silver (SI=F) Deep Dive | Bullish Rebound Play on Oversold Technicals | 2026-10-09 查看 2026-10-08:單品種Silver (SI=F) Deep Dive | Short Bias on Weakness | 2026-10-08 查看 2026-10-07:單品種Silver (SI=F) Deep Dive | 2026-10-07 — Base-building above 60, LONG into 63.1 | 2026-10-07 查看 2026-10-06:單品種Silver (SI=F) Deep Dive | 2026-10-06 — Bearish: 20D Downtrend Intact, 61.45 Pivot Caps | 2026-10-06 查看 2026-10-05:單品種Silver (SI=F) Deep Dive | 2026-10-05 — Bearish, 59.99 Floor Under Pressure | 2026-10-05 查看 2026-10-04:單品種Silver (SI=F) Deep Dive | 2026-10-04 — Bearish Below 60.95, Sellers Control the Tape | 2026-10-04 查看 2026-10-03:單品種Silver (SI=F) Deep Dive | 2026-10-03 — Bearish: 20-Day Channel Floor at Risk | 2026-10-03 查看 2026-10-02:單品種Silver (SI=F) Deep Dive | 2026-10-02: Bearish, 60.26 Support Under Pressure | 2026-10-02 查看 2026-10-01:單品種Silver (SI=F) Deep Dive | 2026-10-01 — Bearish: 20-Day Channel Floor at Risk | 2026-10-01 查看 2026-09-30:單品種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:單品種Silver (SI=F) Deep Dive | 2026-09-29: Contango Widens as Selloff Deepens | 2026-09-29 查看 2026-09-28:單品種Silver Deep Dive | Range-Bound, 64.24 Pivot in Focus | 2026-09-28 查看 2026-09-27:單品種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:單品種Silver (SI=F) Deep Dive | 2026-09-26: Range-Bound Amid Macro Crosscurrents | 2026-09-26 查看 2026-09-25:單品種Silver (SI=F) Deep Dive | 2026-09-25: $63 Support Tested as Real Yields Bite | 2026-09-25 查看 2026-09-24:單品種Silver (SI=F) Deep Dive | 2026-09-24 | Consolidation Amid Macro Crosscurrents | 2026-09-24 查看 2026-09-23:單品種Silver (SI=F) Deep Dive | 2026-09-23: Rangebound, 66 Pivot in Focus | 2026-09-23 查看 2026-09-22:單品種Silver (SI=F) Deep Dive | 2026-09-22: Consolidation After Rally, 65.8 Support in Focus | 2026-09-22 查看 2026-09-20:單品種Silver (SI=F) Deep Dive | 2026-09-20: Breakout Above $66 on Tightening Supply | 2026-09-20 查看 2026-09-19:單品種白银(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

⟠ 本月策略回測表現

每日早報 AI 觀點逐日跟蹤結算 · 止損/目標客觀撮合

* 回測基於日報交易觀點逐日結算:止損/目標先到為準,窗口末按收盤平倉。過往表現不代表未來收益。