12.15 Silver Afternoon Outlook
From the current 1-hour K-line chart and market data, silver prices have rebounded strongly after hitting a bottom. In the short term, prices have risen above the short-term moving averages, showing a robust rebound trend. However, they are still constrained by the pressure from previous high levels. Nevertheless, the bullish momentum is strong, with an expanded fluctuation range and a rapid rise in price center, indicating decisive bullish strength during the rebound process.
The KDJ has entered the overbought zone, indicating that the short-term bullish momentum has been fully released, and there is a potential for technical correction. However, the indicators have not shown a turning dead cross, which does not currently affect the rebound trend.
Operational Suggestions
Duo: If the price stabilizes above 63.30, pay attention to the dip-buying opportunities in the 62.90 - 63.00 range, with an upward target of 63.50. If it breaks through, further look towards the pressure around 64.00.
Kong: If it effectively breaks below 62.70 (5-day moving average), there may be a short-term correction to 62.30 or even 62.00. You can go short with a light position, setting the stop loss above 63.40. #白银
