Year1
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- 做：
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Recommendations for European and American trading operations
For short positions, stop loss near the target
For long positions, stop loss near the target
International spot silver fell back after soaring sharply on Wednesday. That said, the range still exists. Considering the impact of the long upper shadow, bulls are advised to stay and wait and see. Silver prices fell in Asia on Wednesday. The initial resistance above silver is the initial support below.
Recommendations for European and American trading operations
Go short nearby, near the target, stop loss
Go long nearby, near the target, stop loss.
The net long contract positions are as high as Zhang. This unprecedented level is also a reflection of the market’s strong confidence in bullish precious metals.
The price of silver has been trading at a low level for more than a month, and the time span has exceeded the sideways consolidation period of the month. The end of this adjustment will usher in a high probability of surpassing the end of the month. amplitude of fluctuation.
Judging from the current trend, the price of silver will explode in the near future. Judging from the rules of not shorting in the bull market, combined with considering the impact of the current large number of long positions, focus on various indicators of the current market, and timely Seize the turning point of the market
Since the beginning of this year, the performance of silver and other precious metals has been extremely eye-catching. Silver spot has been singing all the way, crossing the threshold of US$/ounce, reaching the highest level of US$/ounce. However, since entering the month, the trend of silver has been relatively weak. Since October 1, the international silver spot market has shown a downward trend. However, on the eve of Yellen's speech from the Federal Reserve, market trading was still relatively cautious. Judging from the trend in recent days, the decline has tended to level off. As of yesterday's close, spot silver closed at .USD/oz, a slight increase of .USD/oz, with an increase of .%.
Zezhi personally believes that this wave of silver prices is changing with the expectations of US dollar interest rates. At the beginning of the year, the market expected that it was unlikely that the U.S. dollar would raise interest rates, which created a wave of strength for precious metals such as silver. However, recently, with the hawkish comments of many Federal Reserve officials, expectations for a U.S. dollar interest rate hike have intensified, and the trend of precious metals and other precious metals has also increased. In terms of exiting the weak market, if Yellen makes hawkish remarks this time, a short-term decline in silver will be inevitable.
Gold and Silver Later Trend Analysis
Some market participants believe that the theme of this global central bank annual meeting is to design a flexible monetary policy framework for the future, and the theme of Yellen's speech is the Federal Reserve's monetary policy tools. Yellen is expected to remain cautious when talking about the Fed's policy tools and the current economic environment, and will not lean into any discussion of the current policy outlook.
Zezhi personally feels that judging from the speeches of many Federal Reserve officials, the Fed’s calls for raising interest rates this year are getting louder and louder. The market’s short-term speculation that the Federal Reserve will adopt an interest rate hike policy at its monthly interest rate meeting has made precious metals bear the burden in the short term. To suppress the downward trend, Wang Zezhi personally expects that the prices of silver and other precious metals will remain weak before and after the meeting on March 1st.
From a long-term perspective, precious metals are generally still in a bull market. Teacher Wang believes that the main reason is that the world is still trapped in an ultra-loose monetary environment. Against the background of weak global recovery, precious metals are still an important tool for hedging among investors’ asset allocation. The second half of the year includes the Federal Reserve election, Italian constitutional reform Uncertainty about political events such as referendums, as well as seasonal physical demand factors will also support precious metal prices. Generally speaking, silver prices only declined in the short term in the third quarter, and silver prices will still maintain an upward trend in the long term. So we still want to see the evolution of the market. Follow the WeChat public account Wang Zezhi for real-time instructions.
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