#美国就业数据表现强劲超出预期 December 19 Silver Price Trend Analysis

Currently, silver is quoted around 64, with a daily decline of 0.80%. After breaking below the middle band of the Bollinger Bands at 65.6, the price has been running along the lower band, with short-term support at the lower band of 64.7—this is a critical level to hold.

One-hour candlestick chart shows consecutive bearish (downward) candles, indicating that the bearish momentum is quite thorough. After the MACD death cross, the green bars are expanding, and the RSI has slipped into the weak zone. The bulls seem to be struggling to mount a comeback.

From a fundamental perspective, the US retail sales data exceeded expectations, prompting a rebound in the dollar. As silver is priced in USD, it naturally gets pressured downward. Additionally, after silver surged to 66.8, institutions began reducing their positions and taking profits, making this correction even sharper. While medium- and long-term supply shortages and industrial demand are bullish factors, they haven't gained much traction yet. In the short term, the market rhythm is still closely tied to the dollar and liquidity conditions.

Trading strategy: It is more appropriate to establish short positions when the price rebounds within the 65.1-65.4 range, with initial targets at 64.3-64.0. If the price continues to break down, keep an eye on 63.8.