5.28 Silver Review



Silver's recent short-term movement has been very clear, with a rebound from the lows. Now at higher levels, it’s clearly struggling to move further, with multiple tests failing to break through. The bullish momentum has already noticeably slowed down!

From a long-term perspective, silver is still in a medium-term downtrend channel. This rebound appears more like a technical correction within the downtrend, not a reversal signal. The area around 73.5-74 is a strong resistance zone, and it’s likely to encounter resistance and pull back!

In terms of trading, continue to follow the trend and look for opportunities to buy on dips. If it rebounds to the 73.8-74.5 range, consider gradually entering long positions, with a stop loss above 74.8. First target is 72.3, then 71.5. If it breaks below, expect lower levels!#白银
XAG-0.62%
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