Fundamentals:
On Monday (February 13), the silver price maintained a range of 22.07-21.8, and the daily line closed with upper and lower shadow lines and small Yang lines.
Today's data
Technical aspect:
On the daily line, the silver daily line closes with the upper and lower shadow lines and the Xiaoyang line. It is currently running near and below the short-term line, the 5-day and 10-day moving averages are running down, the mid-term line is flat and glued, MACD is running down, and KDJ is running down , the indicator is bearish.
The Fed's interest rate hike is coming to an end, inflation has been declining recently, and the situation in Ukraine and Russia is still repeated. Fundamentals still favor the bulls.
Silver continued to fluctuate slightly at low levels yesterday, and the daily line maintained a volatile and bearish pattern. In this way, it is likely to continue to fluctuate downward in the short term and hit new lows continuously, so it is best to take advantage of the trend and rebound to high altitudes. Today, focus on 22.2-22.5 pressure at the top, 21.5 and 21 support at the bottom, and rebound from high altitude. (Silver midline layout ideas: 22.6-23 layout empty orders, stop loss 23.2, target 22-21.5-21-20.5-20.)
Pressure: 22.2-22.6-23-23.3-24-25-26-28-30
Support: 21.8-21.5-21-20.5-20
Spot silver:
1.22.3-22.5 short position, stop loss 22.7, target 22-21.5-21-20.5-20