#美国核心物价涨幅不及市场预估 Silver Morning Session: Geopolitical Relaxation vs. Technical Pressure, Bulls and Bears in Stalemate

The recent movement of silver is sending conflicting signals from both fundamentals and candlestick patterns. Progress in Middle East peace negotiations is accelerating, and the situation in Iran is stabilizing, leading to a gradual withdrawal of safe-haven buying. Additionally, the Federal Reserve's policy signals remain uncertain, causing market sentiment to become cautious—trading activity has noticeably decreased.

From a technical perspective, the situation is even more complex. On the 4-hour chart, the price hit around 94.7 and was held back, with the KDJ indicator turning downward from a high level, and the MACD's red histogram shrinking while the green histogram begins to rise. These signals together indicate significant resistance overhead. Moving to the 1-hour chart, the price oscillates around the pivot point, with the MACD green histogram still expanding, suggesting some weakening in momentum. The 5-minute chart shows more interesting behavior: after a quick dip, it rebounded, with the 93 level initially holding the decline.

Trading strategy should treat this as a range-bound market:

Looking upward, keep an eye on the 94-94.5 resistance zone. If a rebound reaches around 94, consider small short positions targeting the 93-92.5 area.

Looking downward, do not ignore the support at 92.5-93. If the price revisits around 93, small long positions can be considered, with targets around 93.5-94.

The key is to control position sizes and avoid getting caught in the oscillations. Closely monitor whether these key levels are truly broken, as that will be the confirmation signal for the next directional move.