Recently, the market has been quite interesting. The Federal Reserve's signals of potential rate cuts, the sustained high demand in the photovoltaic and electronics industries, along with a global precious metals supply gap of approximately 8,800 tons, have all provided strong support for silver. When prices previously surged to $82.77, some traders took profits, triggering a correction. Currently, it appears to be oscillating within a high-level range.
Key levels to watch:
The resistance zone above is around $80-$82, while support levels are at $76 and $73.2.
The technical outlook isn't complicated: the daily bullish pattern remains intact, but there is short-term correction pressure. The $76 level is critical, serving as the dividing line between bulls and bears—if it holds, the upward attempt can continue; if it breaks, caution is advised. The 4-hour chart is in a recovery phase, with no clear overbought or oversold signals, and the medium- to long-term supply and demand gap still provides upward momentum.
For trading ideas, consider entering long positions in the $76-$77.5 range, with a stop-loss below $73, and targets set at $80-$82. If the price breaks above $80 later, follow the trend; if it falls below $76, exit first and wait for a rebound near $78 to consider adding short positions.
Disclaimer: The above is just personal market observation and strategy sharing. Market volatility is high, so specific operations should be based on real-time market conditions and individual risk tolerance.
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.
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StealthMoon
· 01-10 22:33
This wave of silver is quite interesting; the supply gap of 8,800 tons still provides solid support.
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BTCBeliefStation
· 01-08 12:34
We need to hold the $76 level, or else we'll have to admit defeat.
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DarkPoolWatcher
· 01-08 01:00
This wave of silver is indeed interesting, with a supply gap of 8,800 tons... gotta keep an eye on the 76 level.
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CafeMinor
· 01-08 00:54
This wave of silver is indeed interesting. The large supply gap and ongoing fluctuations indicate that the bulls haven't truly gained momentum yet.
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BlockchainFries
· 01-08 00:40
Silver's recent movement is quite interesting, with a supply gap of 8,800 tons directly pushing prices up.
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76 is the dividing line; this must be watched closely without loosening.
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Expectations of interest rate cuts + industrial demand provide solid support; now it's just a matter of whether it can break through 82.
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Oscillations at high levels are annoying; wait until 76 stabilizes before considering chasing.
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The MSCI headline is a bit abrupt, is it suggesting that digital assets should also be considered?
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As long as the bulls haven't broken, continue to look for gains. The technical analysis is clear; just worry about policy risks.
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If it drops below 73, just exit; don't chase these small profits, it's not worth it.
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The demand for photovoltaic electronics has been consistently hot; silver benefits are a long-term story.
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The range of 76-77.5 offers good entry points; with proper risk control, steady gains are possible.
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Supply and demand gaps are the key; short-term oscillations are just noise.
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Blockblind
· 01-08 00:34
Silver's move still depends on the 76 line; if it breaks, it's time to run.
#MSCI未排除数字资产财库企业纳入范围 Silver Spot Price Trend Observation
Recently, the market has been quite interesting. The Federal Reserve's signals of potential rate cuts, the sustained high demand in the photovoltaic and electronics industries, along with a global precious metals supply gap of approximately 8,800 tons, have all provided strong support for silver. When prices previously surged to $82.77, some traders took profits, triggering a correction. Currently, it appears to be oscillating within a high-level range.
Key levels to watch:
The resistance zone above is around $80-$82, while support levels are at $76 and $73.2.
The technical outlook isn't complicated: the daily bullish pattern remains intact, but there is short-term correction pressure. The $76 level is critical, serving as the dividing line between bulls and bears—if it holds, the upward attempt can continue; if it breaks, caution is advised. The 4-hour chart is in a recovery phase, with no clear overbought or oversold signals, and the medium- to long-term supply and demand gap still provides upward momentum.
For trading ideas, consider entering long positions in the $76-$77.5 range, with a stop-loss below $73, and targets set at $80-$82. If the price breaks above $80 later, follow the trend; if it falls below $76, exit first and wait for a rebound near $78 to consider adding short positions.
Disclaimer: The above is just personal market observation and strategy sharing. Market volatility is high, so specific operations should be based on real-time market conditions and individual risk tolerance.
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