Although the annual line will close down again after two years, the decline will exceed 9[%], but it seems that bulls are constantly taking the opportunity to reverse the trend. The rise of silver price in the fourth quarter is a foregone conclusion, and it is expected that 65438+February will be the best performance in a single month since 20 17. Waveform analysis shows that the downward trend of silver price from $265,438 +0. 13 is coming to an end.
After silver fell below the 14 level, it did not trigger the expected new wave of selling, which will be an important long-term support level. After the silver price successfully broke through 15, it is expected to rise all the way to around 17.
As a member of the precious metal family with gold, most investors may still focus on the global geopolitical situation and the overall macroeconomic environment when evaluating the value of silver. The ups and downs of trade friction between China and the United States, the ups and downs of Britain's road to Britain's withdrawal from the European Union, and the concern about the US economic recession revealed by the Federal Reserve's possible slow interest rate hike have encouraged the rise of silver prices, which have recently fluctuated higher.
British Prime Minister May survived the vote of no confidence. The strength of the pound weakened the US dollar index, and commodities gained short-term support. Market funds tend to seek and build more defensive asset portfolios, while gold and silver have the opportunity to gain more attention with the increase in safe-haven demand. However, because the antioxidant capacity of silver is far less than that of gold, the function of investment preservation is greatly reduced compared with gold.