XAG Silver Market Analysis

Figure 2 shows the blue line from last week's silver analysis in the attached chart. Overall, the structure is basically consistent with this week's trend. So, what’s next for silver?

I previously mentioned that silver always follows gold’s trend, but one issue is that its liquidity is not as good as gold’s, making it easier to manipulate. The potential future movements of silver can be broken down into two paths on a smaller scale, as shown in Chart 1:

Red: The rebound from 60.8 is not yet finished. Currently, it’s a correction of the upward move from 60.8 to 76. After this correction ends, there will be another wave of similar-level upward movement, completing the entire rebound from 60.8 before continuing downward.

Blue: The rebound from 60.8 has ended. If it breaks below 60.8, and during mid to late April, as gold completes its correction and begins the next upward wave, silver will just be experiencing a rebound within a downward trend, then continue to decline.

I’ve always recommended trading gold, not silver, because silver has more uncontrollable factors.

By the way, one more thing: some friends’ core logic for trading is actually based on market news, headlines, or even reports on where the main players are building positions and what their costs are.

I don’t rule out the existence of insider traders who know the real operations and positions of the main players—after all, there’s always someone better, and there’s always someone above. But I generally don’t use these things as the basis for my trades because I believe I can’t get the most accurate first-hand information from the world.

The core logic of candlestick charts is to record the results of the battle between buyers and sellers over a certain period. The main players are the ones leading this battle, and their actions are reflected in the candlestick charts long before. Any high-volume candles, long shadows, or doji patterns we see are essentially the actions of the main players. #加密市场行情震荡 #国际油价走高