Silver Intraday Market Analysis: Bulls Strong, Key Position Determines Direction

On the four-hour chart, silver has strongly risen above the upper Bollinger Band, with the MACD red bars continuing to expand, indicating strong bullish momentum and a clear continuation of the upward trend.

The 66.5 level serves as a short-term dividing line between bulls and bears; it is both a previous high resistance level and a key boundary for strength. If the bulls strongly break through, the upward space is expected to aim directly at the 70 mark; if it encounters resistance and falls back, attention must be paid to the support strength at the day's low of 63.6.

Operational Advice

If it retraces to the 64.5-65 range, decisively position multiple orders in batches!

The first target aims at 66.5, and after breaking through, one can look towards 68!