12.12 Silver Evening

Yesterday's low multi-position prediction for silver was accurately fulfilled, with prices climbing from around 61 to above 64, successfully securing a profit space of 3 points. Silver is highly correlated with gold, so it is essential to pay close attention to whether gold can break new highs tonight, as the low multi-position strategy can still be extended.

From a technical perspective, the silver 1-hour cycle shows a step-like upward structure, with the Bollinger Bands opening upwards, and prices firmly standing above the 64 level. The middle track of the Bollinger Bands at 63.676 serves as a key short-term support, while the lower track at 63.003 constitutes a strong support zone, with the overall trend highly synchronized with gold's strong performance.

On the fundamental side, the expectation of the Federal Reserve's interest rate cuts continues to suppress the dollar, benefiting precious metals overall, with gold leading the way and driving silver's rise; combined with the increase in geopolitical risk aversion and rising industrial demand for silver, this provides medium to long-term support for prices. If gold breaks new highs tonight, the upward space for silver will further open up; if gold rises and then falls back, silver's adjustment strength will also be relatively limited.

Operational Suggestions

Around 64-64.25, target upwards to 65, 65.4#白银