1.29 Silver Evening Analysis
Silver surged strongly today, reaching a historic high of 121.622, with a daily increase of over 4%. Currently, it is oscillating around the high point of 120, with bullish momentum still strong.
1-Hour Chart Technical Analysis
The price has stabilized above the upper Bollinger band, and the moving averages are in a bullish arrangement, indicating a clear upward trend; the MACD has slightly retreated above the zero line, which is a normal adjustment for short-term profit-taking, and bullish strength has not waned.
Driven by gold, silver has entered an epic primary upward wave, continuing to rise after breaking through the 120 round number, with the bullish trend gaining inertia. Avoid blindly guessing the peak and instead adhere to following the trend.
Key Support/Resistance
• Support: First support at 120.5
• Resistance: Today's high of 121.62, expect to see a range of 122-123 after breaking through
Evening Trading Thoughts
1. If the 120 range stabilizes, enter long with a light position, targeting the previous high of 121.62 to 122
2. Do not chase after directly probing the resistance level of 121.62; wait for a breakthrough and retest before entering long #美联储维持利率不变 #金价再冲高位 #代币化白银热潮 #美国伊朗对峙 $XAU
$XAG
