December 16 Silver Price Trend Analysis

Silver has been fluctuating again these past two days, with a rally that is far from a reversal—honestly, there are plenty of market opportunities, but the challenge lies in whether one can remain calm and make accurate judgments at key levels.

The Federal Reserve has implemented rate cuts, but subsequent comments from officials sound quite cautious, and the market no longer has high expectations for further easing. The US dollar index has stabilized again because of this, and precious metal prices have been pushed down directly; from an industrial demand perspective, there are no significant positive signals released. This recent rebound is essentially just technical correction, not a sign of trend reversal.

Previously, the 64.6 level was a barrier, and silver was pushed down with increased volume. The four-hour chart shows that the bearish momentum has been fully released; now, the rebound to around 62.5 appears to be a weak correction. Looking at the moving averages? They are all pressing down, and the price remains below the short- and medium-term moving averages. The overall pattern is a weak oscillation. Unless it can break above 63 later, the rebound space will be limited.

My strategy is: continue shorting at the 62.8–63.0 level, with the first take-profit target at 62.0. If it breaks through, then look at 61.5.