12.12 Silver Morning

Silver short-term surged to a high of 64.303, after which momentum clearly waned, and prices could not continue to expand upward space. It then entered a correction phase, currently weakly oscillating around 63.421. From a structural perspective, there are clear signs of a significant reduction in volume at the high levels, indicating that bullish forces are struggling to sustain progress, and the market has entered a phase of active profit-taking.

From a technical standpoint, although the moving average system still shows a bullish arrangement, the short-term moving averages are starting to flatten, and prices have consistently closed near the 5-day moving average, weakening the continuation of the bullish trend. The previous resistance at 63.0 has turned into support, but under the current weak structure, the support strength at this position is questionable; once broken, it will further accelerate the downward pace.

In terms of indicators, the short-term momentum bars continue to shorten, and the MACD has shown a top divergence signal at high levels, indicating that the upward momentum is nearing its end and bearish forces are gradually accumulating. Overall, silver has shifted from strong to weak oscillation in the short term, and the risk of a pullback is increasing.

Suggestion

Around 63.9-64.3, target 63.5, 63.2#白银