December 12 Afternoon Silver Outlook
From the 1-hour candlestick chart and market data, after a spike, silver prices are showing a consolidating trend. The short-term rebound trend remains intact, with a significant divergence between domestic and international silver prices.
The candlestick price spiked to 64.134 and then formed a consolidating candlestick, which indicates profit-taking and position swapping after the rebound. No clear reversal signal has appeared, and it is highly likely to consolidate in the range of 63.00 - 64.00 in the short term.
Trading Suggestions
If the price stabilizes above 63.30 (5-day moving average), pay attention to low-buying opportunities in the 63.00 - 63.20 range, with an upward target of 64.00; if it breaks through, further look towards the previous high of 64.30.
If it effectively falls below 62.67 (intraday low), it may short-term pull back towards 63.00 (20-day moving average). You can take a light short position, with a stop loss set above 63.60.
(Personal opinion for reference only, everything is subject to actual trading!)
