Li Wanxi:6month13 (Monday)Brexit from the UK and interest rate hikes to cool down, increasing opportunities for silver bullish orders

Li Wanxi:6month13 (Monday)Brexit from the UK and interest rate hikes to cool down, increasing opportunities for silver bullish orders

Before the Dragon Boat Festival, the price of silver was3300After stabilizing on the front line, maintain an upward trend. On the daily chart, there is a pattern of three consecutive suns. However, from today's Asian market trend, the upward trend has slowed down, and volatility has also decreased accordingly. However, based on the current fundamentals, the probability of a deep decline is not high. If you have any doubts, please add credibilityjs6486

Due to the continued high risk of Brexit and the expectation that the Federal Reserve will not raise interest rates, precious metals still have room to rise and may even break through in the short term, as the market's safe haven sentiment remains high3740At this early high point, there is no need to worry too much about the current pullback, which will give us the opportunity to enter the low position and make multiple orders.

FromfuturesFrom a transactional perspective, the United StatesCOMEXThe trading situation of the futures exchange shows that silver main contracts1607The trading volume and position of silver have both shrunk, indicating that silver has recently become the main battlefield for speculative funds, and short-term speculative multiple orders are constantly fleeing after the governor stagnated, and it is unable to support the upward trend of the market.goldMain contract1608The trading volume and holding volume of [insert amount] have shown a double increase, which is exactly opposite to that of silver. This reflects, as we mentioned earlier, the continuous fermentation of Brexit risk in the UK and the expectation of the Federal Reserve not raising interest rates have led institutional investors to continue to buy multiple safe haven products. So, with the support of such buying, precious metals can continue to be bullish as long as they are at a reasonable price. Teacher Li Wanxi provides online guidance to Weixinjs6486

From a specific operational perspective, as stated in the previous logic, today we can continue to focus on the low many approach and pay attention to spot silver3540Search for opportunities to enter the market and take a long position with nearby support, and place stop loss on the market3510Nearby, you can see the short-term target position3600and3610Two positions.