Spot Silver Morning Analysis: High-level Fluctuations Slightly Strong, Focus on Buying on Dips

Market fluctuations are normal. Yesterday, silver prices surged then retreated, so there's no need to panic. Returning to the present, the early morning trend emphasizes rhythm and key levels. Seize the opportunity to buy on dips and proceed steadily.

Yesterday, silver prices experienced sharp volatility mainly due to excessive gains earlier triggering profit-taking, combined with a short-term rebound in the US dollar. However, the global silver supply gap persists, industrial demand remains robust, and geopolitical risks along with Federal Reserve rate cut expectations support the long-term outlook. Short-term fluctuations do not change the medium-term positive pattern.

The daily K-line shows a rebound followed by a retreat, with the moving averages in a bullish arrangement but with a relatively large divergence, indicating a need for correction.

Trading suggestion: Buy on dips around $105.5-106.0, with a target of $109.5-110.0, and stop-loss below $104.0.

The above is only personal advice, for reference only and not an investment basis. Please follow Cheng Jingsheng's strategic layout for specifics!!#白银