Silver fluctuates at high levels, requiring a strategy update.

kemarin dulu

International silver prices continue to rise, with no prediction of a peak. Currently, it has reached a new high of 47.2. Silver is on the verge of a major bull market. The decade-long dormancy of silver bulls is only accumulating strength for the bulls in the future. In the short term, strong fluctuations at high levels are expected. Maintain a low-to-long strategy and avoid chasing gains.

Operationally, today's focus remains on buying on silver dips. Support is at 46. If it unexpectedly breaks below 46, there could be room for a correction, with support at 45.5 also a possibility.

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Trade aktif

Spot silver is showing three-step forward on the daily chart, the daily RSI is still in the overbought zone, and the 4-hour chart shows an aerial refueling, which is expected to achieve further upward breakthrough. The low-long strategy can be maintained above 46.60, and the market is expected to challenge 48.20 in the future.

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Trading ditutup: target tercapai

As expected, in the short term, we expect significant volatility and sustained high levels. Please maintain a low-to-high position strategy and avoid blindly chasing rising prices.