Zhang Yiqiao:1month16Suggestions and Market Review on Spot Silver Operations for Next Monday(Weekly Review)

　

Zhang Yiqiao:1month16Suggestions and Market Review on Spot Silver Operations for Next Monday(Weekly Review)

　Fundamental analysis——


Precious Metal EconomistHeraeusexpectgoldSilver is expected to rise this year, while platinum still faces the problem of oversupply. Institutions predict that the golden range will be within1060-1300. The pressure of US dollar appreciation poses a threat to gold, but political uncertainty in Europe and the United States may lead to turbulence. The institution predicts that the silver range will be within the15-23. The industrial demand, including solar energy, and the demand for jewelry continue to drive up silver. Institutions predict that the platinum range will be within the820-1050. The emission scandals of multiple car manufacturers and discussions about the future of internal combustion engines may affect the trend of platinum. The proportion of diesel vehicles in Europe among newly registered vehicles has dropped below50%. In addition, the jewelry industry is also sluggish.


　　Analysis of spot silver technology——


Silver prices continued to rise last week, forming a weekly chart3The continuous bullish pattern can be clearly observed in the technical chart, where silver prices have entered a strong stabilizing and rebounding channel. However, facing a bullish and bearish direction, if they rise, they will succeed in bottoming out. If they cannot break through, they will continue to fall and test support after being under pressure. At present, the main watershed prices are located in3500Position, which can be operated around in the short term.


If we cannot break through quickly3500The position allows for short selling attempts, and the main support position below is currently located3400At the critical point, you can continue to approach this position on the chart for bullish operations. The three consecutive positives formed by the weekly chart will inevitably have a bullish continuation at the beginning of next week. In terms of operations, I, Zhang Yiqiao, Wei Xinzhyq505Suggest buying on dips with a focus on buying more.


　　Spot silver next Monday(1month16day)Operation suggestions——


　　1The price of silver can be seen in3400Long nearby, stop loss3380Next, target3500;


　　2The price of silver can be seen in3500Short nearby, stop loss3530On, target3400;


　　3Daily market analysis and operational suggestions for silver follow Wei.letterzhyq505;


We have been discussing the topic of bottom fishing all along, starting from2016From the end of the year to2017At the beginning of the year, it was said that silver could be bottomed out, but every time there was no success in bottoming out. Next week, we will have another opportunity for silver bottoming out. Will this end in failure like before or will bottoming out be successful? Regardless of the outcome, I suggest adding WeChatzhyq505Consult Zhang Yiqiao to obtain a specific operational suggestion for next week in advance.


Author: Zhang Yiqiao