5.5 Silver Market Analysis — Shiyuan’s View



Yesterday, silver opened higher, spiked up, and then fell sharply. The daily chart closed with a long lower shadow and a bearish candle, indicating that bearish forces dominate in the short term.
The situation in the Middle East remains chaotic and keeps fluctuating. Irrational sentiment is pressuring silver prices, and there is still a chance for a rebound and corrective recovery afterward as sentiment improves.
Tonight, multiple U.S. economic data releases will be released in a dense schedule, which will determine the short-term direction.

Trading suggestion: short near 74.5, stop loss at 74.75
Targets: 73–72.15; if it breaks down, follow the move to look toward 71.0
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