Silver Strategy - Awaiting Future Changes, Silver Enters Consolidation

Fundamental Analysis:

Yesterday, Western markets observed the Christmas holiday, with most commodities markets closed and trading subdued. In the precious metals market, mixed fundamentals and significant uncertainty in the outlook, along with the time required for Washington's new policies to take effect, have kept recent price movements within a consolidation range. Looking ahead, although Trump's tariff policies are likely to hinder price declines, their impact on the overall economy and employment remains uncertain. In the short term, precious metals are expected to exhibit repeated fluctuations.

Technical Analysis:

On the 1-hour chart, silver's price rise failed to make a new high, and its retracement did not break the previous low. This, combined with a compressed price range, indicates an unclear trend. Thus, conservative traders are advised to stay on the sidelines, while aggressive traders can buy near short-term support levels.

Trade Recommendation: Buy at 29.40, with a stop loss below 29.10 and targets at 29.85-30.26.

Support Level: 29.40 Resistance Level: 30.26

[Trading involves certain risks. The above recommendation does not guarantee profits. Investors should assess their financial situation and position management carefully.]