Yesterday, silver rebounded after testing deeply around 65, and the current phase can first focus on the intensity of technical correction.
Overall, the market remains suppressed by the US dollar trend and delayed rate cut expectations, with no clear trend reversal signals formed yet. Therefore, it is inadvisable to blindly chase long positions; strategically continue with shorting on rebounds at higher levels.
Operationally, consider setting up short positions around 75, with target levels to watch at the 72-70 range.
Yesterday, silver rebounded after testing deeply around 65, and the current phase can first focus on the intensity of technical correction.
Overall, the market remains suppressed by the US dollar trend and delayed rate cut expectations, with no clear trend reversal signals formed yet. Therefore, it is inadvisable to blindly chase long positions; strategically continue with shorting on rebounds at higher levels.
Operationally, consider setting up short positions around 75, with target levels to watch at the 72-70 range.