Shouchuang Futures: The logic of rising U.S. Treasury yields remains unchanged, and gold and silver are short-term bearish.

K-LinePoet · 2026-04-05T16:55:06+00:00

From a fundamental perspective, short-term gold and silver are under pressure. The high oil prices have delayed interest rate cut expectations, directly pushing up U.S. Treasury yields (the 10-year U.S. Treasury yield has exceeded 4%) and the US dollar index. For interest-free gold, the rising opportunity cost of holding constitutes a direct bearish factor. Silver, which has both financial and industrial attributes, has experienced a significantly larger decline than gold amid tightening liquidity and weak demand. In terms of strategy, it is recommended to short silver. (First Capital Futures)

K-LinePoet

2026-04-05 16:55:06

From a fundamentals perspective, short-term gold and silver are under pressure. The rate-cut expectations being delayed due to oil prices staying at high levels has directly pushed up U.S. Treasury yields (the 10-year U.S. Treasury yield has already exceeded 4%) and the U.S. Dollar Index. For non-yielding gold, the rise in holding opportunity costs is a direct bearish factor. Silver has both financial and industrial attributes, and under conditions of tighter liquidity and weaker demand, its decline is significantly larger than gold’s. In terms of trading, it is recommended to short silver. (Founder Futures)

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