#以太坊行情解读 Silver is undergoing adjustments, with clear short-term pressure.

After falling from a high of 69.43, silver is now fluctuating repeatedly in the range of 68.9-69.07. The 7-day and 20-day moving averages above are creating resistance, and there is clearly insufficient momentum to continue breaking upward. In the short term, there is indeed a risk of a pullback, so caution is advised.

But don't rush to be bearish; the macro environment is actually still holding up. The US dollar index appears slightly weak around the 98.6 line, providing lower support for silver; more importantly, the US November CPI has dropped to 2.7%, with core inflation hitting a nearly four-year low. The expectation for interest rate cuts is still in play, and the logic for medium- to long-term growth has not broken — this is just a normal pause after a period of increase.

How to actually operate:

If you are holding a long position, it’s better to take some profits near 69.43 and move the stop loss below 68.9 to lock in gains; for those who haven't entered yet, there are two options: conservatives can wait for silver to stabilize above 69.3 before entering, while aggressive traders can look for a pullback to the 67.4-68 range to see if there are any signs of stabilization; for those looking to trade short-term, if it falls below 68.9 and continues to weaken, you can try a small short position with a target of 68.05, but make sure to set a tight stop loss.

The key is: the 67.37 position of the 90-day moving average must not be broken, as this is the bottom line of the medium-term bullish pattern. If this support holds, the possibility of continuing to rise remains.