September 23 Spot Silver Intraday Analysis
Silver has ample elasticity, tracking gold to break through the low and then rebound. After rising to a high, there has been a brief consolidation on the short term. However, upward momentum is still in play. Do not turn bearish too early just because of a minor pullback.
From a purely technical perspective, on the hourly timeframe, silver prices surged strongly from the low point at 64.56. After pushing up to 67.53 in the short term, prices faced pressure and pulled back. They are currently consolidating around the 67 level. The short-term support is 66.7, with stronger support at 66.2. On the upside, first watch resistance at 67.50; once price holds above it, further room can open up. The market is oscillating in a slightly bullish manner, with buyers in control.
For intraday trading, pullbacks with a preference for going long are the main approach. If price retraces and stabilizes in the 66.7–65.4 range, long positions can be considered. The upside targets are at 67.5; after a breakout, follow through to look for new highs. Silver is highly volatile—strictly control position size, do not chase, and wait for pullback opportunities.
The above content is for technical exchange and sharing only and does not constitute any investment advice. Please refer to Cheng Jingsheng Shipan’s arrangement for specifics! $XAU
#比特币突破5月高点逼近8.6万美元
Silver has ample elasticity, tracking gold to break through the low and then rebound. After rising to a high, there has been a brief consolidation on the short term. However, upward momentum is still in play. Do not turn bearish too early just because of a minor pullback.
From a purely technical perspective, on the hourly timeframe, silver prices surged strongly from the low point at 64.56. After pushing up to 67.53 in the short term, prices faced pressure and pulled back. They are currently consolidating around the 67 level. The short-term support is 66.7, with stronger support at 66.2. On the upside, first watch resistance at 67.50; once price holds above it, further room can open up. The market is oscillating in a slightly bullish manner, with buyers in control.
For intraday trading, pullbacks with a preference for going long are the main approach. If price retraces and stabilizes in the 66.7–65.4 range, long positions can be considered. The upside targets are at 67.5; after a breakout, follow through to look for new highs. Silver is highly volatile—strictly control position size, do not chase, and wait for pullback opportunities.
The above content is for technical exchange and sharing only and does not constitute any investment advice. Please refer to Cheng Jingsheng Shipan’s arrangement for specifics! $XAU
#比特币突破5月高点逼近8.6万美元
