4.17 Silver Analysis

Silver, like precious metals, is highly correlated with gold. Its trend closely follows gold, but unlike gold, it lacks central bank gold-buying support. Additionally, its high leverage characteristics cause more volatile swings, with downward momentum significantly stronger than gold. All rebounds on the chart are false signals, and a rally to the upside is a good opportunity to establish short positions.

Previously, multiple key support levels have been consecutively broken, with all original support levels turning into resistance. Short-term technical indicators such as KDJ and RSI are weakening simultaneously, clearly signaling a bearish trend.

After key price levels are breached, a large number of automated stop-loss orders are triggered, causing a chain reaction of market decline, forced liquidations, and further acceleration of the downward move, fully opening the overall downtrend channel.

In terms of trading strategy: short in batches within the 79-81 range, with target levels sequentially at 75, 70, and below.