#TradFi交易分享挑战 Silver Price Trend Analysis Today
1. Market Review
After silver experienced a sharp drop in the past two days, a technical oversold rebound appeared in early trading today.
London spot silver is quoted at 77.653 USD per ounce, up 1.24%;
COMEX silver futures are quoted at 78.12 USD per ounce, up 0.74%.
2. Technical Analysis
RSI indicator: The 14-day RSI has fallen below 25, entering a severe oversold zone, leaving room for a 3%-5% technical rebound.
Trading volume: The main Shanghai silver contract’s trading volume yesterday expanded to 574.9k lots, showing heightened divergence