Currently, silver remains in a dominant consolidation pattern. Although there was a rebound at midday, this was mainly due to short-term oversold conditions attracting low-level buying rather than a trend reversal. The key resistance levels above are clearly suppressing gains. It is recommended to follow the trend with light short positions, be cautious about bottom fishing, strictly control risks, and avoid blindly chasing orders or holding onto losing positions.

From a technical perspective, the hourly KDJ has formed a golden cross at a low level, indicating a short-term need for oversold correction; however, on the daily chart, the MACD shows a death cross, and the moving averages are in a bearish alignment. The bearish trend has not yet changed, and the rebound space is likely limited, with the overall pattern showing a rise followed by a fall.

On the news front, hawkish expectations for the Federal Reserve persist, with the US dollar and Treasury yields remaining high, continuing to suppress precious metals. The upcoming release of the US core PCE data may amplify silver price volatility, so caution is advised for sudden market shifts.

For midday trading, consider watching for a rebound to around 72 to enter short positions lightly, with targets in the 68-66 range. $XAUT $BTC $SOL #比特币震荡走弱 #Circle冻结16个热钱包余额