After the silver price retraced deeply from the high point of 64.658 to 60.793, it showed a strong V-shaped rebound, with strong buying support near 60.793, forming a short-term bottom.

The current price of 63.885 is closely aligned with the previous peak resistance level of 63.900. This position is a critical point for determining whether the rebound can evolve into a new round of upward momentum.

For the long position, reference levels are around 63.658, 63.3, and 62.7.

For the short position, reference levels are 64.1-64.6.