Silver these two days of shock downward, since last night's sharp decline began to rebound, the current spot silver to around 23.63, paper silver to near 4.85, Shanghai silver is also once again to 4990 or so, have reached the critical point of breakthrough. So when exactly will silver break through? Is Shanghai silver 5000 points strong pressure or a layer of window paper?
Hello everyone, I am Kankan, a hard-working and serious analyst. Today to talk to you about silver, many people are waiting for Shanghai silver to break 5000, the result is that it is difficult to break through repeatedly! Will the night break through smoothly or pull back again? Now that the epidemic has recurred, can gold and silver have a surge?
First of all, the conclusion: Kan Kan personally believes that the silver breakthrough is not far away, if it is fast, Shanghai silver can break through 5,000 points tonight, and if the silver and paper silver are slow, they will break through this week.
Let's say it succinctly:
Last night, former US Secretary of State Powell died of COVID-19 and had received two doses of COVID-19 vaccines. This is important news that reflects the fact that the epidemic in the United States is still raging and has reached the point of classlessness. The situation abroad is still unstable, and the previous expectation of ending the epidemic due to full vaccination still seems to be far away.
Second, the short-term decline of the US dollar continues to provide upward momentum to gold prices, and silver follows the trend of gold. The dollar index continues to decline gold and silver continue to rebound.
Third, inflation has triggered tensions in many European countries, especially in the case of a relatively strong energy crisis, commodity prices have risen due to the rise in cost, which will also make the market's inflation expectations rise, which is relatively favorable for the outlook of precious metals.
As a result, there has been a steady and strong rally in gold and silver today. As of the time I write this article, spot silver has come to 23.77, paper silver has come to 4.87, it is foreseeable that the night Shanghai silver will directly rush through 5000 points, a successful breakthrough.
So, after the breakout, will it be range-bound or strong?
Anyone who often reads my articles and videos knows that silver has been bullish since the end of September. In the face of the current strong breakthrough, of course, I still see more, for the next trend of silver, personal views or speculation will maintain a strong operation.
Now that global inflation has become inevitable and has an intensified form, short-term cooling is certainly more difficult, so it is still possible to inhale silver at a low price, and after the Fed has fully landed, silver may usher in another wave of strong rebound.
Here we will discuss a question with you, is silver suitable for short-term or long-term?
I don't know if people wanted to do long-term or short-term at first, but as far as I know, most of my friends have found me and become medium- and long-term, why? Either because of the quilt cover, or the expected goal has not been reached, and you want to take it again.
In fact, you may wish to think about your original intention of doing investment, for the sake of income rather than for fear, silver is originally up and down, take a month may still be a loss, take a month back to the original point, what is the meaning, every time the big fluctuations and fear, afraid of going unilateral, and dare not cut meat, so why is it bitter?
Friends who are short in front of you may eat meat, but how long can you take it? But where an irrational person goes in and is a quilt cover, it is really unnecessary.
In my personal opinion, silver, especially Shanghai silver, is still suitable for short-term, every time you earn it, you run, and get the safest in the purse isn't it?
What do you think of silver? Different points of view are welcome to comment on the discussion.