G\u00fcm\u00fc\u015f (XAG\/USD) sal\u0131 g\u00fcn\u00fc d\u00fc\u015f\u00fc\u015f\u00fcn\u00fc s\u00fcrd\u00fcrerek iki haftan\u0131n en d\u00fc\u015f\u00fck seviyesi olan 73,35 dolara geriledi. Piyasalar, bu hafta faiz ve di\u011fer politika kararlar\u0131n\u0131 a\u00e7\u0131klayacak b\u00fcy\u00fck merkez bankalar\u0131na odakland\u0131.<\/p>\n
Orta Do\u011fu\u2019daki \u00e7at\u0131\u015fma, k\u00fcresel enerji maliyetlerini art\u0131rarak enflasyon (fiyat art\u0131\u015f\u0131) bask\u0131s\u0131n\u0131 y\u00fckseltti. Bu durum, merkez bankalar\u0131n\u0131n para politikas\u0131n\u0131 s\u0131k\u0131 (faizleri y\u00fcksek) tutmas\u0131na veya faiz art\u0131rmas\u0131na yol a\u00e7abilir. Faiz art\u0131\u015f\u0131, getiri sa\u011flamayan (faiz\/kira geliri \u00fcretmeyen) metaller \u00fczerinde bask\u0131 olu\u015fturabilir.<\/p>\n
ABD-\u0130ran gerilimi \u00e7\u00f6z\u00fclmedi ve H\u00fcrm\u00fcz Bo\u011faz\u0131 kapal\u0131. Ham petrol fiyatlar\u0131 sava\u015f \u00f6ncesi seviyelere g\u00f6re yakla\u015f\u0131k %50 daha y\u00fcksek. Bu tablo ABD Dolar\u0131\u2019n\u0131 desteklerken de\u011ferli metaller \u00fczerinde bask\u0131y\u0131 art\u0131r\u0131yor.<\/p>\n
Teknik g\u00f6r\u00fcn\u00fcmde (fiyat grafikleri \u00fczerinden yap\u0131lan analiz), g\u00fcm\u00fc\u015f nisan ortas\u0131nda 83,00 dolar\u0131n \u00fczerindeki zirvelerden beri d\u00fc\u015f\u00fc\u015f trendinde (genel d\u00fc\u015f\u00fc\u015f e\u011filimi). 4 saatlik grafikte RSI (g\u00f6reli g\u00fc\u00e7 endeksi; fiyat\u0131n a\u015f\u0131r\u0131 sat\u0131m\/a\u015f\u0131r\u0131 al\u0131m durumunu g\u00f6steren g\u00f6sterge) 35\u2019e yak\u0131n, MACD (hareketli ortalama yak\u0131nsama\/\u0131raksama; trend ve momentum g\u00f6stergesi) ise hafif negatif.<\/p>\n
38,2% Fibonacci seviyesi (\u00f6nemli geri \u00e7ekilme b\u00f6lgelerini g\u00f6steren teknik \u00f6l\u00e7\u00fcm) olan 74,70 dolar civar\u0131ndaki destek k\u0131r\u0131ld\u0131. Hedefler 72,60 ile 72,12 dolar aral\u0131\u011f\u0131nda. 61,8% geri \u00e7ekilme seviyesi 70,00 dolar\u0131n hemen alt\u0131nda.<\/p>\n
Diren\u00e7 (yukar\u0131 hareketlerde zorlanma beklenen seviye) 74,70 dolarda, ard\u0131ndan 76,60 ve 78,50 dolar civar\u0131nda izleniyor. G\u00fcm\u00fc\u015f fiyatlar\u0131 ayr\u0131ca faiz oranlar\u0131, ABD Dolar\u0131, arz ve geri d\u00f6n\u00fc\u015f\u00fcm, sanayi talebi ve alt\u0131ndaki hareketlerden de etkilenebilir.<\/p>\n
G\u00fcm\u00fc\u015fte 2025\u2019in ortas\u0131nda 83,00 dolar \u00fczerindeki zirvelerden sonra ba\u015flayan d\u00fc\u015f\u00fc\u015f trendi devam ediyor. Piyasa jeopolitik risklerden \u00e7ok b\u00fcy\u00fck merkez bankalar\u0131n\u0131n ad\u0131mlar\u0131na odaklanm\u0131\u015f durumda. \u0130\u015flem yapanlar i\u00e7in ana mesaj, belirleyici unsurun para politikas\u0131 oldu\u011fudur.<\/p>\n
G\u00fcm\u00fc\u015f i\u00e7in temel olumsuz etken, enflasyonla (fiyat art\u0131\u015f\u0131) s\u00fcregelen m\u00fccadele nedeniyle merkez bankalar\u0131n\u0131n \u015fahin duru\u015fu (faizleri y\u00fcksek tutma e\u011filimi). Mart 2026 ABD T\u00dcFE (t\u00fcketici fiyat endeksi; enflasyonun temel \u00f6l\u00e7\u00fcm\u00fc) verisi %3,8 ile y\u00fcksek kal\u0131nca, Fed (ABD Merkez Bankas\u0131) faizlerin beklenenden uzun s\u00fcre y\u00fcksek kalaca\u011f\u0131 sinyalini verdi. Bu ortam, g\u00fcm\u00fc\u015f gibi getiri \u00fcretmeyen varl\u0131klar\u0131 b\u00fcy\u00fck yat\u0131r\u0131mc\u0131lar i\u00e7in daha az cazip hale getirir.<\/p>\n
Bu politika, ABD Dolar\u0131\u2019nda da g\u00fc\u00e7lenmeyi destekledi. Dolar Endeksi (DXY; dolar\u0131n ba\u015fl\u0131ca para birimlerine kar\u015f\u0131 de\u011ferini \u00f6l\u00e7en endeks) yak\u0131n d\u00f6nemde 107,50 ile iki y\u0131l\u0131n zirvesine \u00e7\u0131kt\u0131. G\u00fc\u00e7l\u00fc dolar, di\u011fer para birimlerini kullananlar i\u00e7in g\u00fcm\u00fc\u015f\u00fc daha pahal\u0131 hale getirir ve fiziki al\u0131m ile yat\u0131r\u0131m talebini zay\u0131flat\u0131r.<\/p>\n
Ayr\u0131ca k\u00fcresel ekonomide yava\u015flama i\u015faretleri, g\u00fcm\u00fc\u015f\u00fcn sanayi talebini a\u015fa\u011f\u0131 \u00e7ekebilir. Son S&P Global \u0130malat PMI (sat\u0131n alma y\u00f6neticileri endeksi; 50 alt\u0131 daralmaya i\u015faret eder) 49,5\u2019e gerileyerek fabrikalarda hafif daralmaya i\u015faret etti. Bu, elektronik ve g\u00fcne\u015f enerjisi gibi sekt\u00f6rlerden daha zay\u0131f talep anlam\u0131na gelir.<\/p>\n
T\u00fcrev \u00fcr\u00fcnlerle (vadeli i\u015flemler, opsiyon gibi fiyat \u00fczerinden yap\u0131lan s\u00f6zle\u015fmeler) i\u015flem yapanlar a\u00e7\u0131s\u0131ndan, g\u00fcm\u00fc\u015fteki olas\u0131 y\u00fckseli\u015flerin k\u0131sa \u00f6m\u00fcrl\u00fc kalmas\u0131 ve sat\u0131\u015f f\u0131rsat\u0131 olarak de\u011ferlendirilmesi beklenebilir. 70,00\u201372,60 dolar band\u0131 \u00f6nemli bir diren\u00e7 alan\u0131d\u0131r; 2025 d\u00fc\u015f\u00fc\u015f\u00fcnde destek olarak \u00e7al\u0131\u015fm\u0131\u015f, \u015fimdi teknik tavan konumuna gelmi\u015ftir. Bu b\u00f6lgeye do\u011fru y\u00fckseli\u015flerde k\u0131sa pozisyon (d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc i\u015flem) a\u00e7mak veya put opsiyonu (fiyat d\u00fc\u015f\u00fc\u015f\u00fcnden kazan\u00e7 hedefleyen opsiyon) almak, \u00f6n\u00fcm\u00fczdeki haftalarda daha temkinli bir yakla\u015f\u0131m olabilir. A\u015fa\u011f\u0131da 60,00 dolar seviyesi psikolojik hedef (yat\u0131r\u0131mc\u0131lar\u0131n \u00f6nem verdi\u011fi yuvarlak seviye) olarak izlenebilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
G\u00fcm\u00fc\u015fte sert sat\u0131\u015f: XAG\/USD 73,35\u2019le iki haftan\u0131n dibinde. Orta Do\u011fu kaynakl\u0131 enerji-enflasyon bask\u0131s\u0131 ve merkez bankalar\u0131n\u0131n \u015fahin mesajlar\u0131 dolar\u0131 g\u00fc\u00e7lendiriyor; 74,70 k\u0131r\u0131ld\u0131, hedef 72,60-72,12, risk 70 alt\u0131.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-45631","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=45631"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45631\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}