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Silver surged to 93.6 yesterday before turning downward, then repeatedly oscillated around the 90 level. After testing the support at 85.8, it finally stabilized, and by the close, the rebound momentum was gradually building. Today’s opening continues the correction phase, first seeing if it can open up space amid the volatility, then considering when the bulls might gain strength.
From a fundamental perspective, expectations of a Federal Reserve rate cut are growing stronger, which is positive for precious metals—valuations are naturally rising. At the same time, silver’s strong industrial attributes and the increasing demand from the new energy industry serve as another driving force. Coupled with the risk aversion caused by international geopolitical tensions, it’s not surprising to see buying interest surge. On the technical side, signs of a bottoming process after being oversold are already quite clear, and the short-term rebound potential still looks considerable.
The trading strategy is as follows: go long within the 90.0-89.5 range, with a stop loss at 89.2, targeting 91.2-92.0 above. If broken, then watch for a move above 93.5.
If it pulls back to around 88.0, consider adding a small position, with the same stop loss at 86.8, aiming for 92.0-93.5. If broken, it could head toward 94.0.
Silver's bottoming process has been a bit wild, but there's definitely room; just see how long the rebound can hold.
We need to keep a close eye on the 90 level; whether it breaks through or not will determine the rhythm moving forward.
If the Federal Reserve really cuts interest rates, there might still be hope ahead; precious metals are stable for now.
Be cautious with adding positions; I'm also watching around 88. Wait for a more confirmed signal before acting.
This pattern looks a bit like the previous two routines; brothers, be careful not to get washed out.
Only if it truly breaks through 93.5 will I believe this rebound is serious.
Silver is basically driven by expectations of rate cuts, with new energy demand and risk aversion sentiment piling up positive factors. However, the technical aspect still depends on whether it breaks through or not. The 90 level is essentially a psychological barrier.
Around 89.5 is indeed a good place to try, but I prefer to see if the logic of adding positions around 88 can hold, then I’ll dare to increase my position.
Did the Federal Reserve really cut rates? It feels like this expectation has been speculated for over a year. When will it actually happen?
Clear signs of bottoming out are a good thing, but the rebound space depends on whether liquidity supports it. I have some reservations about the 93.5 level.
Yesterday’s rebound was actually quite average, not as fierce as expected. There might still be some shakeouts ahead.
Tight stop-loss at 86.8; this guy is quite confident in his judgment, huh.
I think the expectation of interest rate cuts is indeed a long-term positive, but the short-term volatility is a bit crazy.
I'll try to go in around 89.5, but I still want to wait and see. I have a feeling there’s still room for it to drop further.