#美联储重启降息步伐 This recent move in silver is really making people anxious! After plunging from the high of 59.322, it’s been stuck in a tangle, and the current situation can be summed up in one word—wait. The bulls are still holding the lifeline at 56.480 to 56.855, trying to keep this doubling bull run alive; the bears, on the other hand, are fixated on suppressing the price near the previous highs, and neither side is willing to compromise easily.

The key is whether the 58.375 level can hold. If it does, the bulls have a chance to make another run and test the previous highs; but if it can’t hold and falls lower, we’ll have to look for support again at 56.855, and the market will have to consolidate once more.

The fundamentals are still strong—supply remains tight, Fed rate cut expectations are providing support, and institutional money keeps flowing into the ETF market. All of these are positive signs. From a technical perspective, the pullback is limited and looks like a consolidation phase within a strong trend.

The practical advice is straightforward: if there’s a pullback near 58, go long decisively, with the first target at 58.375. As long as this level holds, aim for 59.322. In such a choppy market, don’t chase the rallies or panic sell—stick to key support and resistance levels, and you’ll avoid many unnecessary losses.