Silver price put on another show of opening high and closing low today. After surging to 58.176, it lost steam and only found some support after dipping to around 57.844—but the rebound was really weak, so it feels like there’s still more to watch going forward. The key focus is whether the support zone between 57.80 and 58.00 can hold, as this will determine the next direction.
**Technical Overview** - On the 1-hour chart, silver price fell below the middle Bollinger Band; moving averages are in a bearish arrangement, but the 5-day MA is flattening, indicating that the downside momentum may be fading - In the MACD, the green bars are shrinking, showing that bearish strength is weakening—this is a signal - Key support: 57.80-58.00; resistance at 58.50 - Looking further up, the 59.00-59.20 area is a double resistance
**Trading Strategy** Long opportunities may emerge once the price stabilizes in the 57.80-58.00 range. Setting a stop loss below 57.50 will be safer.
First target is 58.50; if that breaks, look toward the 59.00-59.20 zone next.
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nft_widow
· 16h ago
Silver is playing hard to get again; there’s really strong resistance above 58 yuan.
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BrokenYield
· 21h ago
nah, the 57.80 hold is everything here. if it breaks, you're looking at a liquidity crisis scenario tbh. seen this pattern tank before... twice.
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UncommonNPC
· 22h ago
Silver is once again playing the high open, low close game. Honestly, this rebound really isn't impressive at all.
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SerumSurfer
· 22h ago
Silver is messing around there again. The 58 mark still needs to be broken through for it to really count.
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PretendingToReadDocs
· 22h ago
Silver prices can't hold back this wave again. Can it stay above 57.80? I think I'd better wait and see.
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MetaverseVagrant
· 22h ago
Silver's move this time is really awkward. I love seeing it open high and go low. Whether 57.80 can hold truly determines everything.
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SelfRugger
· 22h ago
Silver is a bit weak this round, feels like we need to see if 57.8 can hold.
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TokenomicsTinfoilHat
· 23h ago
Silver is a bit timid this time, surrendered at 58... Let's see if 57.8 can hold, otherwise it will break the bottom again.
#比特币对比代币化黄金 【December 9th Silver Technical Analysis】
Silver price put on another show of opening high and closing low today. After surging to 58.176, it lost steam and only found some support after dipping to around 57.844—but the rebound was really weak, so it feels like there’s still more to watch going forward. The key focus is whether the support zone between 57.80 and 58.00 can hold, as this will determine the next direction.
**Technical Overview**
- On the 1-hour chart, silver price fell below the middle Bollinger Band; moving averages are in a bearish arrangement, but the 5-day MA is flattening, indicating that the downside momentum may be fading
- In the MACD, the green bars are shrinking, showing that bearish strength is weakening—this is a signal
- Key support: 57.80-58.00; resistance at 58.50
- Looking further up, the 59.00-59.20 area is a double resistance
**Trading Strategy**
Long opportunities may emerge once the price stabilizes in the 57.80-58.00 range. Setting a stop loss below 57.50 will be safer.
First target is 58.50; if that breaks, look toward the 59.00-59.20 zone next.
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