Silver Strategy - Rising U.S. Bond Yields Put Pressure on Precious Metals

Fundamental Analysis:

Last week, the U.S. November PPI and CPI reports indicated signs of inflation rebounding. Additionally, U.S. employment data showed no urgency for the Federal Reserve to cut interest rates. As a result, the market is betting that the Fed may slow its pace of rate cuts, pushing the yield on the 10-year U.S. Treasury bond stronger, even approaching the 4.5% mark. This has placed pressure on precious metals. If this week’s interest rate decision and dot plot suggest a slowdown in rate cuts, it could further weaken precious metals.

Technical Analysis:

The hourly chart shows lower highs and lows, indicating the current trend is bearish. Therefore, it is recommended to plan a short-selling strategy in two batches of funds. Set a stop loss if prices break above the previous high, and take profit at extended downside targets.

Trading Recommendations:

Short silver at 30.592 and 30.784, set a stop loss at 31.095, and target 30.089.

Support Level: 30.089 Resistance Level: 31.095

The above content is for reference only and does not represent the platform's position. Investors should make their own judgments, manage risks carefully, and be responsible for their profits and losses.