Silver Intraday Review and Evening Trading Strategy

Intraday silver movement shows a pattern of oscillating upward followed by a pullback, with the price reaching a high of 84.602 and a low of 79.885. From a cyclical perspective, the 1-hour trend relies on moving average systems to maintain a bullish trend, but short-term cycles on the 1-minute and 5-minute charts have already shown signs of correction, with short-term upward momentum weakening.

On the indicator level, signals are cautious: the KDJ indicator's K value is at 84.479, approaching the overbought zone, indicating potential for a pullback; although the MACD has not yet formed a death cross, the red bars are continuously shrinking, further weakening bullish momentum; the price is currently running close to the upper band of the Bollinger Bands, with the upper band gradually exerting resistance. Overall, the bullish trend remains intact, but attention should be paid to the risk of a correction triggered by overbought conditions.

Evening Trading Strategy

Long positions: When the price pulls back to the 83.8-84.0 range, consider entering long positions if stabilization signals appear, with a stop loss set below 83.5 (to avoid effective breakdown risk), targeting the previous high of 84.602.

Short positions: When the price rebounds to the 84.5-84.6 range, if resistance is encountered and the price falls back, consider light short positions, with a stop loss above 84.8 (to prevent breakout risk), targeting the 84.0-83.8 range.