#2026年比特币行情展望 January 6th, Silver Monitoring: This Critical Level Is Very Worth Paying Attention To

The performance of silver at the start of 2026 is quite eye-catching. Although it has experienced several sharp fluctuations in the middle, from a medium to long-term perspective, the pattern of oscillation being relatively strong has not changed. Why is that? The core logic is just one word—shortage.

Global silver supply has been in a state of continuous shortage for five years. This year's deficit may exceed 7,000 tons. Coupled with the new export control measures introduced domestically, export volumes are likely to shrink significantly, further intensifying the tight global supply situation.

Industrial demand is the real support point. The penetration rate of N-type photovoltaic cells is rising, new energy vehicle sales are increasing, and AI computing infrastructure is driving demand—all of these are consuming silver. Industrial silver now accounts for over 60%, and the key point is that there are no cheap fully substitutable alternatives yet. On the macro front, the expectation of Federal Reserve rate cuts provides a floor, and the recovery of the gold-silver ratio will also create room for a rebound.

From a technical perspective, silver prices are currently oscillating between 72 and 78. Support levels are around 72-74, with resistance at 77-78.

In terms of trading strategy, it is recommended to operate within this range. Those with higher risk appetite can take a small long position near 76, with a stop-loss below 74, targeting 78-80; if it rebounds to 78 or 78.5 and encounters resistance, you can short with a small position, setting the stop-loss above 79, aiming for a pullback to 76-75.

But remember, the volatility of silver is 1.5 to 2 times that of gold, and risks can escalate quickly. Be sure to strictly control your position size, not exceeding 5%.