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Silver is currently trading around 94.4. After the market opened, it quickly surged to a new high of 94.7, then retraced, falling to 93.7 before rebounding again. From the chart, the support below is quite solid, with a large influx of buy orders, indicating a typical accumulation pattern.
To be honest, the key now is to remain patient, not to rush or be impatient. Focusing on the support level to make long positions is the most reasonable trading approach.
**The recent trading strategy is very clear:**
Short-term support is around 93.4-94. If it falls further, the stronger support zone is at 91.5-92. In the 93.4-94 range, place multiple buy orders, with targets around 94.7-96. Once this area is broken upward, there is momentum for a rally.
If it drops to around 91.5-92, there will be a buying opportunity again, with the same target logic. For precious metals like this, there are only a few technical support levels, and repeatedly utilizing them is enough.
Market changes quickly. The above is just a technical analysis based on the current trend. Specific operations should be adjusted flexibly according to real-time conditions. Gold and silver have been closely correlated recently, so they can be referenced against each other.