Spot Silver Analysis for February 26 Morning

Yesterday, spot silver initially fluctuated then surged, ending the day on a strong note, closing above 87.5. Domestic Shanghai Silver and Silver T+D prices also rose simultaneously, with bulls in control.

News highlights: First, geopolitical instability and inflation concerns drove safe-haven funds into gold, pulling silver higher; second, demand from the photovoltaic and electronics industries remains solid, with tight supply and demand supporting prices; third, the US dollar has not strengthened, leaving room for silver to rise. Today’s news is calm, focus on technical trends.

Technical analysis: Silver prices have stabilized above short-term moving averages, showing a clear bullish trend. Short-term support is around 87.5-88; a break below this would weaken the trend. Resistance is at 90-92, near recent highs, likely encountering resistance and pulling back. Overall, the market is in a strong oscillation, easy to rise but hard to fall, though high-level volatility may increase. Avoid chasing rallies.

Short-term trading suggestions: Use small positions, avoid heavy loads and chasing highs. If prices pull back and stabilize around 87-88, consider small long positions targeting 89-92, with a stop loss below 86.5.

If prices surge directly to the 90-92 range and encounter resistance, do not chase longs. Instead, consider small short positions targeting 89-88, with a stop loss above 92.5.

High volatility at high levels, strictly set stop losses, avoid holding positions blindly, and be ready to adjust strategies if news suddenly changes.

The above is only personal advice for reference, not investment recommendations. Please follow Cheng Jingsheng’s layout for specific trading strategies!$XAG ‌#XAG