#美联储重启降息步伐 Silver is in a pretty subtle spot right now. It looks like it's stuck at a high level, neither going up nor down, but if you look closely, the bullish structure is still intact.
The pullback after the surge to 58.945 was basically just short-term profit-taking, not a signal of a major trend reversal. The price is still firmly above the moving averages, and although the RSI has entered overbought territory, it hasn’t dropped sharply. The narrowing MACD histogram looks more like consolidation and accumulation of momentum rather than a sign of reversal. Plus, the entire precious metals sector is supporting each other, so after this short-term consolidation, given the gradually higher lows, there’s still a good chance of breaking above the previous highs.
The trading strategy is simple: go long on pullbacks. Entry zone: around 57.8-58.0, light position Stop loss: hold the 57.5 line Target: first 58.8, then 59.0
With rate cut expectations still on the table, the safe-haven appeal of precious metals won’t change in the short term, so buying on dips could be a good choice.
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GateUser-beba108d
· 12-06 08:29
The 57.8 area is indeed a good entry point, I'm also waiting for a pullback.
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liquiditea_sipper
· 12-05 07:16
Yeah, the logic for silver this time does make sense. I’m also keeping an eye on that 57.8 level.
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LiquiditySurfer
· 12-05 07:16
Silver is basically consolidating at the current level, building up momentum. The RSI is overbought but there hasn't been a crash, indicating that holding power is still strong. Rate cut expectations are supporting the safe-haven trade, and the logic for buying on dips is sound. Now it's just a matter of whether the support can hold at 57.8.
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SigmaBrain
· 12-05 07:08
Yeah, the moves in silver this time are indeed a bit tough, but your analysis still makes sense.
#美联储重启降息步伐 Silver is in a pretty subtle spot right now. It looks like it's stuck at a high level, neither going up nor down, but if you look closely, the bullish structure is still intact.
The pullback after the surge to 58.945 was basically just short-term profit-taking, not a signal of a major trend reversal. The price is still firmly above the moving averages, and although the RSI has entered overbought territory, it hasn’t dropped sharply. The narrowing MACD histogram looks more like consolidation and accumulation of momentum rather than a sign of reversal. Plus, the entire precious metals sector is supporting each other, so after this short-term consolidation, given the gradually higher lows, there’s still a good chance of breaking above the previous highs.
The trading strategy is simple: go long on pullbacks.
Entry zone: around 57.8-58.0, light position
Stop loss: hold the 57.5 line
Target: first 58.8, then 59.0
With rate cut expectations still on the table, the safe-haven appeal of precious metals won’t change in the short term, so buying on dips could be a good choice.