12.12 Silver Midday

From the silver minute-level K-line chart, the price first dipped to a low of 63.617 and then quickly rebounded, forming a bottom-seeking recovery trend. Although there was a subsequent pullback, it remained firmly above the key support level of 63.650. Additionally, the short-term moving averages, which were in a bearish arrangement, gradually turned and converged, indicating a depletion of bearish momentum and the beginning of a bullish counterattack. Signs of a short-term bullish trend are starting to appear.

From the analysis of volume and price structure, the closing bearish candlestick at the end of the decline narrowed, while the bullish candlestick during the rebound showed increased volume, indicating that market bottom-fishing capital is entering, and buying power is gradually strengthening. At the same time, 63.617, as a stage low, formed a clear support turning point. After the price broke through 63.700, this position converted from resistance to support, further solidifying the foundation for the bullish rebound.

Trading Suggestions

Around 63.6, 63.5 wait, target 63.80-63.87#白银