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Goldman Sachs: A silver short squeeze is unattainable

Goldman Sachs: A silver short squeeze is unattainable

高盛(Goldman Sachs):白银空头挤压是遥不可及的
Moomoo News ·  2021/02/02 10:32  · Opinion

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by Eli

作者:Eli

Silver futures are sinking, as the buying spree among small investors that lifted prices near eight-year highs appears to fizzle out following a margin hike by the Chicago Mercantile Exchange.

随着芝加哥商品交易所(Chicago Mercantile Exchange)上调保证金后,小投资者将白银价格推高至近八年高位的买入热潮似乎已经告终,白银期货价格正在下跌。

When the Hunt brothers cornered the silver market on "Silver Thursday" March 27, 1980, they owned nearly one-third of the world's supply and drove the price up 713% over three weeks. 

当亨特兄弟在1980年3月27日的“白银星期四”垄断白银市场时,他们拥有世界上近三分之一的供应量,并在三周内推动价格上涨了713%。

According to Goldman Sachs, to replicate the same feat, the WSB subscribers would need to own roughly 4,600 toz of silver each and work in a coordinated fashion. But even then, given the current regulations around position limits of 7.2 million toz, to corner the exchange inventory on the COMEX, the position would need to split 53 ways with each position valued at $217 million. 

根据高盛(Goldman Sachs)的说法,要复制同样的壮举,WSB的订户每人需要拥有大约4600盎司的白银,并以协调的方式工作。但即便如此,考虑到目前720万盎司的头寸限制,要垄断COMEX的交易所库存,头寸仍需要分成53种方式,每个头寸的价值为2.17亿美元。

It is now nearly impossible for someone to corner the silver market. 

现在几乎不可能有人垄断白银市场。

In the current environment, a co-ordinated surge in investment by retail traders into the silver market would simply raise volatility and generate small regional dislocations in supply-demand dynamics. 

在当前环境下,散户交易员对白银市场的投资协同激增,只会提高波动性,并在供需动态中造成小幅地区错位。

Moreover, with ample physical supply, such an attempt to "short squeeze" the market would prove effective, with enough physical metal ready for delivery to satiate retail investor demand. The only shortages facing silver on COMEX or LME are the logistical challenges of getting the metal to exchange. 

此外,在现货供应充足的情况下,这种“做空”市场的尝试将被证明是有效的,有足够的现货金属可供交割,以满足散户投资者的需求。纽约商品交易所(COMEX)或伦敦金属交易所(LME)白银面临的唯一短缺是让白银交易的物流挑战。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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