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Silver still shows a fierce trend. After a surge in the morning, it experienced another round of sharp decline. This rollercoaster market is quite exhausting to watch. Short-term volatility will only become more intense, and traders who are not skilled in their techniques should better stay on the sidelines.
The short position established at 81.5 yesterday is still held, with the deepest retracement reaching around 76. Two ultra-short-term trades in between resulted in losses. However, from the current situation, the four-hour chart has already turned downward, which is a somewhat interesting signal. There is still room for further decline within the day.
If you want to trade silver, the key is to keep an eye on the momentum of the bears. The current price around 78.5 can consider shorting, with the main target below focusing on the 73 level.