Spot silver has recently been like taking laxatives, and last Friday it fluctuated sharply again, once falling to around 23, almost losing ground! Everyone is also full of doubts, is it to create a new bottom? Obviously, no! The market also quickly recovered the decline after a sharp decline, but the strength of the rebound is not very large, so what exactly makes silver fall one after another?
Looking back at last week, silver was first affected by the plus xi, fell sharply, and the second half of the week, also affected by the Thanksgiving day market break, the market was also shocked at a low level as expected, but on Friday night, the market spread the new crown mutation virus, which made a major breakthrough in market sentiment. Many people ask me, will the impact of the epidemic make silver reverse? First of all, the demand for safe haven will support the rise in silver prices, but the current bearish trend will not change for a while, and the key lies in the subsequent development of the epidemic.
Technically, the market has a tendency to form a downward continued pattern, but from the perspective of today's opening and rebounding trend, the short-term market is still likely to continue to oscillate and rebound, and the pressure on the side is also waiting for friday's guidance of an FN data. In terms of operation, the low is mainly the mainstay, supplemented by the rebound high, but it is necessary to compress the position to prevent the risk of market changes caused by the instability of market sentiment.
Time can only move forward, the train is also moving forward, and the market will follow the footsteps of the people step by step. A successful speculation does not mean that it can start and end well, and only a stable and continuous profit can achieve a person. Fishing is a means, a fish can solve a temporary hunger, but it is not a long-term solution, or to learn the method of fishing. Well, today Pingping will share it with you here, see you next time. 2021.11.29