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2025-07-28 21:16:19
【Analyst: Silver price hovers around the $38 mark, technical pressure in the short term but still bullish in the medium and long term】 ⑴ The spot price of silver hovered around $38 on Monday. After breaking the "cup and handle pattern" on the 4-hour chart last Friday, the short-term technical situation weakened. ⑵ The price has fallen below the 50-period EMA ($38.49), tested the 100-period EMA ($38.03), and the RSI (32.00) is close to the oversold area. ⑶ The daily level still maintains an upward channel, with the 21-day EMA ($37.78) and the 50-day EMA ($36.45) providing support, and the RSI (56.72) showing that the medium-term trend is not broken. ⑷ The key support is $37.50 (July 16 low), and a breakout may drop to the $36.40-36.00 area; $38.50 needs to be recovered to restart the rally.
