From the 1-hour cycle moving average structure, silver price experienced a round of deep pullback, then bottomed at the 57.05 low and began a corrective rebound. Currently, the price is hovering near the 58.19 short-term moving average, and overall it is in a consolidation and rest phase after a decline, with no strong one-way trend for now.

Short-term core support range: 57.07-58.1

Short-term first resistance: 58.44
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1️⃣ If the price pulls back at next week’s open but does not break below the prior low of 57.05, and if it holds above the 20-day moving average at 58.1, you can consider buying on dips at low levels.
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The first resistance above is the 10-day moving average at 58.43; the further target is the prior high at 59.5.
​Don’t blindly chase longs when price spikes up—reduce the risk of being stuck in passive positions.

2️⃣ If, at the open, the upside test fails to break through the 58.44 moving-average resistance, you can try a short-term position with a light size for a possible pullback;
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If the market effectively breaks below the key 57.05 low, this round of corrective rebound will be over, and the downtrend will resume—then you can follow the move to go short.

Currently, it is a consolidation and repair phase after a big drop. The market’s swing rhythm is relatively smooth, so focus on selling the highs and buying the lows within the range, rather than heavily betting on one-way upside or downside. Set defenses in advance: once key support/resistance is materially broken, you must promptly adjust your original trading approach. #白银