9.3 Silver

From the hourly chart, it shows a mild upward trend after a bottoming and stabilization phase, which clearly contrasts with the earlier one-way decline. The bulls are gradually regaining dominance.

After experiencing a period of significant narrowing earlier on, the Bollinger Bands channel begins to widen again. The price has effectively stabilized above the middle band and is gradually approaching the upper band. After the middle band flattens, there are signs of it turning upward, providing strong support for the lower area. This pattern indicates that the market is transitioning from the previous consolidation-and-base-building phase to a trend-based rebound phase.

Both MACD lines are running above the zero axis, suggesting that the overall bullish structure has not been broken. However, the momentum histogram shows signs of shortening—the bars are gradually moving closer to the zero axis, reflecting that the current push higher is weakening and the market is in a buildup/accumulation phase. This consolidation at relatively high levels on reduced volume does not change the mildly bullish bias; instead, it leaves room for a subsequent upward push.

Therefore, overall, Silver is currently in a consolidation phase within an ongoing rebound trend. The middle-band support below remains effective. If, in the next stage, the MACD histogram bars can expand again near the zero axis, it will form a technical signal for a second wave of strength.

(65.1 entry, 64.4 add, 63.6 defense; targets 67.7-69.5)

The above is an objective analysis of the market conditions and does not constitute any investment advice. The market is subject to uncertainty; any specific trading decisions should be made in light of the real-time chart and your own risk tolerance, independently and cautiously, bearing the corresponding risks.

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