#工业需求

Silver was interesting last night. Gold dropped 1.35%. Silver? Only 0.17%, closing at 51.484. The gold-silver ratio compressed from 78.27 on 11-11 down to 77.39 — gold's getting bled by rate hike expectations, while silver has buyers stepping in. And those buyers are looking at a different set of logic. Nasdaq rose 1.6% last night, and the solar, electronics, industrial demand storyline came back to life a bit. Silver gets weighed down by the same rate logic as gold, sure — but the industrial side gave it a lift. Levels. Downside: 51.43 (this morning's low), then 51.10 (the 11-10 low, bottom of this move). Upside: 53.17 — it pushed through last night but got knocked back. That hurdle wasn't cleared. And the gold-silver ratio around 77 is worth watching — when the ratio compresses, silver typically finds its footing before gold does. Structural analysis, not investment advice. Does not constitute a guarantee of returns.