The medium- to long-term bullish story of silver has yet to be fully told. The ongoing expansion of industries such as photovoltaics and new energy vehicles continues to sustain industrial demand for silver, providing solid fundamental support.



A short-term correction? That's just a game of funds within the market and not indicative of any fundamental issues. The current chart is quite interesting — in the 62.8 to 63.0 range, funds are actively accumulating. Since the rebound from 60.79 on the 1-hour chart, the upward trend has been very complete; even after reaching new highs and then pulling back, it hasn't broken below key support levels. The current price at 63.06 is just above this accumulation zone.

What do the indicators say? The MACD has formed a golden cross below the zero axis, with the red histogram expanding slightly and moderately. Although the MA moving averages are starting to turn short-term, they haven't yet formed a bearish alignment. This indicates that the momentum for a correction is weakening, and signs of bulls regaining control are emerging. Sideways movement is just consolidation, no need for over-interpretation.

**Trading idea**: Light long positions near 62.5-63.8
**Stop loss**: 62.3
**Target**: 63.5, 64.0

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