12.8 XAG Intraday Analysis
Recently, silver lacks a clear one-sided drive, and the short term is still dominated by range fluctuations.
From the trend perspective, the 58.7-59.0 range is a densely pressured area where prices have previously repeatedly surged and retreated. Previous attempts to break through this level encountered resistance and fell back, with clear selling pressure signals, making it a strong resistance zone under the current oscillation structure, with a relatively clear suppression effect.
The 57.0 level serves as a key short-term support area, representing a reasonable entry point for long positions at the lower edge of the oscillation range, with a technical safety margin;
56.5 is a further defensive level within the support range. Pullbacks to this level can lower the average holding price, strengthening cost advantages;
The stop loss can be set at 56.0, as this position is the key lower edge of the support range. A break below this level would indicate a breach of the short-term oscillation structure, necessitating timely exit to avoid the risk of a weakening trend.
Thus, the first target can be set at 58.8, which precisely corresponds to the lower edge of the strong resistance zone. If reached, an exit can be considered.
(Enter at 57.0, add at 56.5, protect at 56.0, exit at 58.8)
