12.9 Silver (XAG) Morning Outlook

Currently, Silver (XAG) is at a mid-high position in its recent upward trend on the 4-hour chart, maintaining a gradual rise supported by moving averages, but has yet to break through the pressure zone formed by previous highs.

During the previous price surge on the 4-hour level, the bottom indicator did not reach a new high in sync, creating a 'top divergence' signal, indicating insufficient short-term upward momentum. This is also one of the core triggering factors for the subsequent price consolidation.

In the 1-hour level pullback process, no bottom divergence has occurred, indicating that the current consolidation has not triggered a clear reverse momentum, and is more of a digestion of the previous upward trend rather than a trend reversal.

Trading suggestion: Buy at 57.7-57.9, target 58.4, 58.8.