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The silver correction continues, and the short side has the upper hand in some areas. Starting from the correction of silver. (spot silver), the short side is in It has the upper hand in the local trend. For five consecutive trading days, silver only closed a positive line in the spot investment division position on the monthly number relying on this round of partial rise. However, the sustainability of this positive line was even worse. It lasted only one day. After that, it was counter-pressured by yesterday's negative line of close to %. Technically, this trend made Monday's positive line a transitional positive line, and the local adjustment of silver has not yet been completed.
From the perspective of moving averages, silver's current short-term and short-term moving averages of 10, 10, and 2 days are all arranged in a short position. Silver's rebound this time has not changed the overall weakness of the previous moving average system. It is only a temporary move on the moving average system. From the perspective of the moving average, silver's adjustment is still continuing at least on the daily level. From a smaller time period, the trend of silver also lacks sufficient reversal changes, and the short side still has the advantage. After the silver correction, the position of small-level spot investment division was also destroyed yesterday, and the possibility of silver testing the previous low (spot silver) is increasing.
Fundamentals: Italy’s contingent assistance needs have dealt a huge blow to market confidence
The Eurozone Finance Ministers’ meeting has concluded. Judging from the current situation, the basic implementation and implementation of Spanish rescue funds may be the key to this Finance Ministers’ meeting. The biggest result of the meeting, which lasted for more than an hour, also showed that such results were hard-won. However, Italian Prime Minister Monti’s statement that he may need assistance made the market feel chilly. The most important economy in the EU, Italy’s trends Far from being comparable to countries like Greece, if it really comes to the point where Italy asks for assistance, then the EU may really be facing a big trouble. Italian Prime Minister Monti said that we cannot rashly say that Italy will never need assistance. This kind of expression really makes the market feel hazy, but as time goes by, it is estimated that it will not be long before the worry will surpass the haziness, and for the financial market, this kind of hazy worry is actually more terrifying.