3.30 Daily Silver XAG Strategy
Powell's hawkish speech + OECD inflation expectations raised, reinforcing the Federal Reserve's high interest rates for a longer duration, coupled with weakening demand for silver in photovoltaics and electronic consumption, and a continuous reduction in silver ETFs, multiple bearish factors are suppressing the mid-term downward trend.
From a technical perspective, silver is below the death cross of the daily moving averages, with a clear bearish trend; MACD and RSI indicate that the rebound is merely a correction of overselling, and bullish momentum is insufficient.
Strategy
• Enter around 70.1
• Add short at 71.1
• Target around 66.6–65.1
Personal opinion, not investment advice.
$XAG
XAGUSDT
Perp
75.04
+2.69%