Abstract: As the economy restarts and social activities resume, signs of a rebound in the US epidemic have emerged. American infectious disease experts recently warned that the second wave of outbreaks in the United States has begun.
On Monday (June 15), silver futures opened at $17.560 per ounce, with the highest up to $17.630 per ounce and the lowest at $17.105 per ounce. As of press time, it was temporarily reported at $17.315 per ounce, a decrease of 0.96%.
American infectious disease expert warns: the second wave of the epidemic has begun
At present, many places in the United States have reopened, and the new crown epidemic is also showing signs of expanding again, because as the economy restarts, people have begun to relax their control of social distance. William Shafner, an infectious disease expert and professor at Vanderbilt University School of Medicine, said on Monday that the second wave of the new crown epidemic in the United States has begun, and people need to be cautious, otherwise the medical system will be overwhelmed again.
As all parts of the United States began to relax the epidemic's restrictive measures, several states have experienced a surge in cases. The cumulative number of confirmed cases in the United States has exceeded 2.16 million. In an interview with American financial media, Schaffner said: The second wave has already begun. We are opening up all over the country, but many people do not maintain a social distance, and many people do not wear masks. He added that mass gatherings and religious ceremonies are restarting everywhere, and many people are not careful at all, they don't care, which of course will lead to the spread of more new coronaviruses.
He warned that the complete shutdown is a serious financial disaster that has had such a great impact on society and culture. I cannot imagine that we will close again. "
Silver futures outlook
Silver futures bulls accelerated their retracement, and the decline in the afternoon expanded to 1.29%. They are currently staying above the 17 mark. From the 1-hour chart, the green kinetic energy column is gradually shortened, and the short kinetic energy has weakened.
The world's largest gold-listed exchange-traded fund (ETF)-SPDR Gold Trust-last Friday, gold positions increased by 0.1%. In the week ending June 9, speculators reduced their long positions in COMEX gold and silver contracts.
This week, the market will usher in heavy economic data such as US retail sales. The Federal Reserve Chairman Powell Congressional Hearing, Vice Chairman Clarida speech and other financial events are expected to have an impact on asset trends such as the US dollar and gold. In addition, concerns about the second wave of outbreaks may also become an important factor affecting the market.
Some analysts pointed out that the next wave of global outbreaks and the signs of rebound in China’s domestic epidemic should be watched. If the geopolitical risks of the North Korea issue are superimposed, the market panic will be reignited. At that time, precious metals will not be ruled out. The possibility of indiscriminate selling.