10/28 | Silver’s screenshot price is around 54.39. Silver rose quickly from around 52.8 to near 54.6, and momentum remains intact. However, small candles are clustering at the highs, suggesting a short-term consolidation phase.
Watch 54.60 above and 54.17 below; if 54.17 breaks, then watch 53.80. A continuation is likely only if price reclaims 54.60 and breaks above the high. Ahead of the FOMC, don’t assume that sideways trading will inevitably lead to a breakout.
Volatility may increase around the FOMC. If 54.17 breaks, first watch the area around 54.00; if that level also gives way, watch 53.80. Perpetual contract prices are not equivalent to spot quotes.
Guanlan | Screenshot analysis, not investment advice.
#白银走势分析
Watch 54.60 above and 54.17 below; if 54.17 breaks, then watch 53.80. A continuation is likely only if price reclaims 54.60 and breaks above the high. Ahead of the FOMC, don’t assume that sideways trading will inevitably lead to a breakout.
Volatility may increase around the FOMC. If 54.17 breaks, first watch the area around 54.00; if that level also gives way, watch 53.80. Perpetual contract prices are not equivalent to spot quotes.
Guanlan | Screenshot analysis, not investment advice.
#白银走势分析
