February 23, 2026 Spot Silver Morning Analysis

Cheng Jingsheng first wishes everyone a Happy New Year in the Year of the Horse, a great start to work, smooth investments, and long-term gains in your accounts!

Last week, international silver prices rebounded strongly, rising about 8% during the week and surpassing $84; due to the Chinese New Year holiday, the domestic market was closed, and post-holiday opening is likely to see a rebound, with increased volatility overall, forming a typical pattern of sharp rises followed by fluctuations.

Expectations of Federal Reserve rate cuts have increased, the dollar has weakened, providing support for silver prices; combined with stable industrial demand and a persistent supply-demand gap, silver benefits from both safe-haven and industrial attributes. This week, focus on the Fed meeting minutes—dovish signals may lead to price increases, while hawkish signals could cause short-term corrections.

The daily chart remains above $80, indicating a bullish trend, but the short-term gains are excessive, with overbought indicators, making it prone to a quick pullback after a rise. Support levels are at $80–81, resistance at $85–86; avoid chasing highs, and wait for a correction for more stability.

Short-term trading advice: mainly light positions, avoid all-in bets. If prices stabilize around $81 after a pullback, consider buying on dips with a stop loss below $80, targeting $84–85; if prices surge directly above $85, do not chase, and trade quickly in and out. If the domestic market opens significantly higher, do not enter blindly—wait for the gap to be filled before acting.

The trend remains bullish, but short-term caution against corrections is advised. Buy on dips, do not chase highs, set good stop losses, and prioritize stability.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng's strategic layout for specific decisions!!$XAG ‌#XAG