## Spot Silver Intraday Analysis

**Market Overview**

The Federal Reserve's rate cut expectations continue to support the market. Coupled with strong demand from the photovoltaic and electronics industries, and a global silver supply gap of approximately 8,800 tons, silver remains under significant pressure. However, after a pullback from the high of $82.77, this is mainly a normal profit-taking correction, with overall high-level oscillation. In this kind of market, choosing good support levels for positioning is crucial, and strict control of positions and stop-losses is necessary.

**Key Price Levels**

Resistance above: $80→$82

Support below: $76→$73.2

**Technical Outlook**

The daily chart's bullish trend remains unchanged, but there is short-term downward correction pressure. The $76 level is a critical point—holding above it suggests continued upward movement, while breaking below warrants caution. Looking at the 4-hour chart, the market is in a consolidation and correction phase, with no clear overbought or oversold signals. From a longer-term perspective, the supply gap provides sufficient support, and upward momentum remains strong.

**Trading Strategy**

**Bullish Positioning**: Enter around $76–$77.5, with a stop-loss below $73, targeting the $80–$82 region.

**Breakout Handling**: If the price breaks above $80, consider chasing long positions; if it breaks below $76, avoid new positions for now and wait for a rebound to around $78 before considering short entries.

Note: Market conditions change rapidly, so specific operations should be adjusted flexibly according to real-time trends.