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Goldman Sachs: A silver short squeeze is unattainable

Goldman Sachs: A silver short squeeze is unattainable

高盛(Goldman Sachs):白銀空頭擠壓是遙不可及的
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.

隨着芝加哥商品交易所(Chicago Mercantile Exchange)上調保證金後,小投資者將白銀價格推高至近八年高位的買入熱潮似乎已經告終,白銀期貨價格正在下跌。

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. 

當亨特兄弟在1980年3月27日的“白銀星期四”壟斷白銀市場時,他們擁有世界上近三分之一的供應量,並在三週內推動價格上漲了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. 

根據高盛(Goldman Sachs)的説法,要複製同樣的壯舉,WSB的訂户每人需要擁有大約4600盎司的白銀,並以協調的方式工作。但即便如此,考慮到目前720萬盎司的頭寸限制,要壟斷COMEX的交易所庫存,頭寸仍需要分成53種方式,每個頭寸的價值為2.17億美元。

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

現在幾乎不可能有人壟斷白銀市場。

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. 

在當前環境下,散户交易員對白銀市場的投資協同激增,只會提高波動性,並在供需動態中造成小幅地區錯位。

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,在現貨供應充足的情況下,這種“做空”市場的嘗試將被證明是有效的,有足夠的現貨金屬可供交割,以滿足散户投資者的需求。紐約商品交易所(COMEX)或倫敦金屬交易所(LME)白銀面臨的唯一短缺是讓白銀交易的物流挑戰。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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