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Silver's recent market movement is quite interesting. Since stabilizing above $86, the bullish momentum has indeed been building, and breaking through $90 or even reaching a new all-time high doesn't seem impossible. However, the problem is— that rapid surge at the beginning of the week has set some traps.
Chasing the rally easily leads to being caught in a trap; this is a well-known but real issue. Entering the market at a slightly poor timing can lead to losses. Conversely, don't think about shorting against the trend; without proper risk control, the damage can be severe.
From a technical perspective, $86 is a critical threshold. Once this level is broken, watch out for a quick decline. The support levels below are arranged as follows: the $83 to $83.5 range, then $80, further down to $78, and finally the support zone at $75 to $74. For intraday trading, keep a close eye on the $86 level, and also pay attention to the rhythm of gold's movements—both sides' logic must align for more confidence.