Silver bulls are already on the edge, with $85 just the beginning!

From a technical perspective, the price has found strong support around $80, with the lower Bollinger Band at $81.337 forming a solid defense line. The MACD double lines are forming a golden cross below the zero line, indicating that the bearish momentum is continuously weakening and a clear rebound signal is present.

Recently, the situation in the Strait of Hormuz has remained tense, significantly increasing market risk aversion demand. Meanwhile, expectations for Fed rate cuts continue to strengthen, and the decline in real interest rates provides strong support for precious metals. Silver possesses both industrial and precious metal attributes, and the medium-term logic of growing demand for new energy remains unchanged. The current pullback is a good opportunity for positioning.

Recommendations:
Intraday, consider buying in batches around 80.5-81, with targets of 85 and 87.5.

Disclaimer: The above analysis is for reference only and does not constitute investment advice. Operate at your own risk.