Silver short-term surges higher before entering a consolidation phase. Driven by factors such as the strengthening of US CPI data expectations for rate cuts, geopolitical risks, and central bank gold purchases, silver prices previously surged strongly. However, some funds have recently taken profits, and the market has temporarily shifted into a consolidation.

From a technical perspective, on the 4-hour chart, the price retreated after touching the upper Bollinger Band, but the MACD histogram remains expanding, indicating continued bullish momentum; the 1-hour KDJ is turning upward, showing a clear short-term rebound trend; on the 5-minute chart, after dipping near 87.6, the price stabilized and rebounded, with limited correction scope, maintaining a generally strong overall pattern.

Trading strategies can focus on key support and resistance zones:

Watch for resistance near the new high around 90. If the rally fails to continue and a breakthrough occurs smoothly, consider a light short position targeting 89, 88.5.