Shouchuang Futures: The hawkish impact of the Federal Reserve has not been fully released, and gold and silver are temporarily biased towards the downside.

The Federal Reserve’s March policy meeting was held as scheduled with no change, raising inflation expectations and signaling a hawkish stance, leading to a significant cooling of market expectations for rate cuts this year and causing gold and silver to decline consecutively. Coupled with the previous negative factors of rising oil prices and increasing U.S. Treasury yields, the fundamentals for gold and silver remain weak. Gold and silver formed a deep V-shape recovery, providing some technical support, but the fundamentals are still weak, leaving room for further decline. In terms of strategy, it is recommended to short silver. (Shouchuang Futures)