Silver bottomed out and then rebounded, repeatedly reaching $47

17 hours ago

Although silver retreated during the day, it maintained a strong, unilateral trend on the daily chart, as evidenced by the consecutive bullish and bearish candlestick patterns. Therefore, despite the intraday decline, as long as it holds above the 5-day moving average, it is still likely to continue its upward momentum. Only after it falls below the 5-day moving average can it adjust to the 10-day moving average and then stabilize and gain momentum. I mentioned buying long positions on pullbacks several times during the session, and as expected, traders who followed suit also sold their long positions profitably.

The main strategy for silver trading is to buy long on pullbacks. Keep an eye on the middle line of 46.7. If it touches, expect a short-term pullback, with support at 46.7. A break above 46.7 could signal a return to a strong pattern and potential new highs. Otherwise, it will be a temporary period of volatility. Specific buying times and positions are provided in the channel.

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15 hours ago

Trade active

If you haven't yet formulated a detailed silver trading plan, please follow my latest updates. I will provide daily strategies and ideas for your reference, helping you have a more enjoyable and smooth trading experience.

13 hours ago

Trade closed: target reached

For investors who currently have positions or are not sure how to trade, please like and visit my homepage to enter the channel. I will provide exclusive trading services for members!