Silver surged today but met resistance, hovering around 58.176 and failing to break higher. After falling below the lower Bollinger Band at 57.844, it found some support, but the rebound momentum is clearly insufficient. The key now is whether the support zone at 57.80-58.00 can hold.
From a technical perspective, on the hourly chart, silver remains below the middle Bollinger Band, and moving averages are still arranged in a bearish pattern, although the 5-day moving average is showing signs of flattening, indicating weakening downward momentum. The MACD indicator’s green bars are consistently shrinking, further confirming that bearish pressure is fading.
Key points: Support zone at 57.80-58.00, first resistance target at 58.50; if broken, the next upside target is 59.00-59.20.
From a trading perspective, you can consider going long after confirming stability at 57.80-58.00, with a stop loss set below 57.50. Targets should be advanced according to the above resistance levels. $BTC $ETH
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AirdropHunterWang
· 12-10 09:03
It is also this situation of lack of rebound momentum, whether 57.80 can stand is still in suspense
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AlphaLeaker
· 12-09 23:10
If the key level at 57.80 can't be broken, there's no point. With such weak rebound momentum, how can you dare to go long?
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TokenToaster
· 12-09 04:00
The rebound momentum is insufficient. We need to firmly hold the 57.80 level; otherwise, it will hit a new low again.
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HallucinationGrower
· 12-09 04:00
If 57.80 can't hold, just break through it directly. This rebound is really weak.
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GateUser-74b10196
· 12-09 03:59
If 57.80 doesn’t break, it still feels like there’s more downside. The momentum loss signal seems a bit unreliable.
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MoonlightGamer
· 12-09 03:58
Hmm, wait, silver has dropped this much and you can still be bullish? I feel like this "momentum decay" is just a smokescreen...
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ColdWalletAnxiety
· 12-09 03:44
It's the same old line about the Bollinger Bands support. If it can’t break $58, I’ll really have to laugh.
#ETH走势分析 Silver Trend Review on December 9
Silver surged today but met resistance, hovering around 58.176 and failing to break higher. After falling below the lower Bollinger Band at 57.844, it found some support, but the rebound momentum is clearly insufficient. The key now is whether the support zone at 57.80-58.00 can hold.
From a technical perspective, on the hourly chart, silver remains below the middle Bollinger Band, and moving averages are still arranged in a bearish pattern, although the 5-day moving average is showing signs of flattening, indicating weakening downward momentum. The MACD indicator’s green bars are consistently shrinking, further confirming that bearish pressure is fading.
Key points: Support zone at 57.80-58.00, first resistance target at 58.50; if broken, the next upside target is 59.00-59.20.
From a trading perspective, you can consider going long after confirming stability at 57.80-58.00, with a stop loss set below 57.50. Targets should be advanced according to the above resistance levels. $BTC $ETH