12.8 Monday Silver Midday Analysis

Silver initially surged to 58.571 before quickly plunging, dipping to a low of 57.504. Although there was a rebound, the 5/10/20-day moving averages are converging and flattening, indicating a weak consolidation following the previous downtrend, with selling pressure above still unresolved. The short-term bearish pattern remains unchanged.

Operational Advice: Focus on short positions at high levels, with key resistance at the previous high of 58.571 and the 58.0 level. If a rebound occurs to the resistance zone, consider opening short positions. For support, initially look at the daily low of 57.504; if it breaks, further downside targets are 57.341-57.0 range. #白银