Silver's recent trend has been quite respectful. Yesterday's performance was basically in line with expectations—initially finding support at the 71.6 midline on the hourly chart, then rebounding to 72.2 before selling off, taking short-term profits. Although the lower level of 69.8 was not finally touched (the lowest was only 70.17), the overall close was in the 72-71.9 range, indicating relatively strong momentum.
From the daily chart perspective, yesterday closed with a near-doji star. This pattern appeared after a continuous rally, and the probability of further upward movement is quite high. Based on this logic, there may still be room to push higher, even with the potential to hit new all-time highs.
On the technical side, key levels to watch are: above 73.35 is a clear resistance level, and a breakout could signal new upward space; support levels are at 70.2 and 71. As long as prices stabilize at these levels, the bullish outlook remains unchanged. Overall, the momentum is quite strong, so continue to monitor subsequent developments.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
8
Repost
Share
Comment
0/400
DancingCandles
· 34m ago
The rhythm of silver is indeed steady; breaking 73.35 will really take off.
View OriginalReply0
LuckyBearDrawer
· 6h ago
The rhythm of silver is indeed impressive, breaking 73.35 would be a real thrill.
View OriginalReply0
ConsensusBot
· 6h ago
The rhythm of silver is indeed a bit something; it's still a bit uncertain if 73.35 can't be broken.
View OriginalReply0
RuntimeError
· 7h ago
The rhythm of silver is indeed visible; breaking through 73.35 will be a huge profit.
View OriginalReply0
FromMinerToFarmer
· 7h ago
Oh wow, this rhythm is really good. I've been optimistic about this wave for a long time.
Silver still needs to keep pushing, once it breaks through the 73.35 level, it will fully take off.
Damn, why is it always just a little short of reaching the expected low point?
View OriginalReply0
FloorPriceNightmare
· 7h ago
The rhythm of silver is indeed comfortable, and the hourly chart's distribution was quite accurate.
View OriginalReply0
ser_we_are_ngmi
· 7h ago
Silver's rhythm is indeed quite impressive. The rebound to 72.2 yesterday and then selling off was in line with my thinking—feels good.
If 73.35 can be broken, the potential for the future is significant. Just worried about getting stuck here again.
It's a bit unfortunate that 69.8 wasn't touched, but looking back now, the overall strength is still quite solid.
View OriginalReply0
StrawberryIce
· 7h ago
That support at 71.6 is holding firm. Yesterday's move definitely had some substance.
After a doji, it usually follows the trend. If 73.35 really breaks, we're taking off.
Silver's recent trend has been quite respectful. Yesterday's performance was basically in line with expectations—initially finding support at the 71.6 midline on the hourly chart, then rebounding to 72.2 before selling off, taking short-term profits. Although the lower level of 69.8 was not finally touched (the lowest was only 70.17), the overall close was in the 72-71.9 range, indicating relatively strong momentum.
From the daily chart perspective, yesterday closed with a near-doji star. This pattern appeared after a continuous rally, and the probability of further upward movement is quite high. Based on this logic, there may still be room to push higher, even with the potential to hit new all-time highs.
On the technical side, key levels to watch are: above 73.35 is a clear resistance level, and a breakout could signal new upward space; support levels are at 70.2 and 71. As long as prices stabilize at these levels, the bullish outlook remains unchanged. Overall, the momentum is quite strong, so continue to monitor subsequent developments.