To do spot silver, you must pay attention to its daily market trend changes, and grasp the opportunities brought about by the rise and fall from the changes and rhythms of market fluctuations. However, the market trend of spot silver changes a lot every day. How to judge the trend? We think it involves a lot of skills, and beginners need to learn to master it.
To observe the changes in the market trend of spot silver, we must first look at the high and low points in a certain market, because they may become the resistance and support levels of the next market. Whenever the silver price reaches these positions again, the original trend may be Yes, there will be a pause, but if you can "strength" again and break through the previous high or low, there may be a further rise or fall in the market.
In many cases, the price trend of spot silver is in a volatile market with no trend. At this time, investors can adopt a wait-and-see strategy, and do not rush to trade until a clear trend appears again. Of course, the volatility in the daily chart does not mean that there is no trend in the hourly and minute charts. Investors can also seize these short-term profit opportunities.
If viewed from a larger time dimension cycle, the price of spot silver will show wave after wave of market trends. For this, investors can combine wave theory to analyze where the support and resistance levels of the next market are, so as to Find the moment to step in. For example, after a wave of significant rise in silver prices, there is a downward pullback trend, and the pullback market is likely to be there. The golden section level of 0.618 has stopped falling and has risen again. Investors should pay close attention to these important levels and make trading arrangements in advance.