Silver Breaks Free from Shackles! Bulls Launch Full Force, Pullbacks Are Opportunities

Spot silver performed extremely well today, strongly breaking through the previous consolidation range, and firmly staying above the key support level. Currently, the bullish momentum is in a continuous release phase, with short-term market sentiment high, maintaining a strong upward trend overall.

Technical Perspective: Moving averages are arranged in a bullish alignment, with an extremely solid trend

From the chart perspective, all moving averages across different timeframes are showing a perfect bullish arrangement. The price is steadily rising based on the moving averages, and notably, the pullback is minimal, typical of a strong continuous upward push. No obvious signs of topping have been observed in the short term, and the trend is highly sustainable. Going with the trend is the key.

Trading Strategy: Avoid chasing highs, buy on dips in batches

In a strong unilateral market, “not chasing highs” is the primary principle to preserve profits. Since the main direction is already clear, every small pullback is an opportunity given by the big players to get in.

Entry points: patiently wait for the price to pull back to the 77 - 76.4 range, and consider entering long positions in batches.

Target outlook: room for further upward movement is broad, with targets looking towards the 79-80 level.

⚠️Warm reminder: Investing involves risks; enter the market cautiously. Strategies are for reference only and do not constitute a guarantee of absolute returns.