Core Viewpoint - Silver prices have broken above the $79.50 level, indicating a bullish reversal pattern, with further upward momentum observed on Monday [1]. Group 1: Price Movements and Technical Analysis - On Monday, silver not only reclaimed the $86.32 resistance level but also surpassed the 20-day moving average at $85.53, with the 50-day moving average at $82.20 having been reclaimed the previous Friday [1]. - The price reached a new high of $88.03 on Monday, marking a significant point in the upward trend [1]. - To confirm the validity of the bullish head-and-shoulders breakout, the daily closing price needs to stabilize above $86.32 [1]. Group 2: Support and Trend Structure - The bullish head-and-shoulders pattern formed near the upper boundary of a long-term ascending trend channel, with a breakout occurring in early December that led to a historical high of $121.67 [3]. - Following a corrective drop to a low of $64.06 three weeks ago, the successful conversion of key resistance into support could signal a resumption of the upward trend [3]. - The 20-week moving average and the 78.6% Fibonacci retracement level at $61.84 confirm the effectiveness of the support area [3]. Group 3: Price Targets and Symmetry - The first wave of the upward movement formed a secondary high at $86.32, followed by a higher low at $71.98, confirming a second wave of upward movement [6]. - The price symmetry between the two upward movements suggests a target of $94.24, aligning closely with the 50% retracement level at $92.87 [6]. - This target area is significant as it is validated by other indicators, warranting close attention [6]. Group 4: Higher Target Levels and Confluence Areas - The 61.8% Fibonacci retracement level at $99.66 and the 127.2% ABCD pattern target at $100.29 establish a higher target area [7]. - If bullish momentum continues, the first target will be the 161.8% Fibonacci extension, followed by the 78.6% Fibonacci retracement area at $114.49 [7]. - Buyers are expected to monitor pullback movements closely to capture new entry opportunities, given the anticipated upward target space [7].
白银价格预测:看涨突破预示着更高的目标水平
Sou Hu Cai Jing·2026-02-24 03:22