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Silver today fell by 2.62%, currently bouncing within the range of 87.1-93.7. The key catalyst tonight at 21:30 US time will be the initial jobless claims data (market expectation: 215,000, previous: 208,000). This data directly influences the market's judgment on whether the Federal Reserve will cut interest rates in March, potentially triggering a significant short-term wave in silver.
The current price is in the middle of the range, so there's no need to rush into trades now. Instead of aggressive operations, it's better to adopt a high sell and low buy approach—given the volatility, chasing highs and selling lows will only cause unnecessary trouble.
From a technical perspective, the bullish strategy is to look for support in the 88.5-89.5 range for entry, with a stop-loss set below 87.0. First target at 91.5; if a smooth breakthrough occurs, continue to look above 93. The bearish approach considers entering when resistance is encountered at 92.5-93.5, with a stop-loss above 94.0, targeting 90.0, and if broken, continue to watch for 88.
In short, during this time window, the data noise is significant. Don't blindly guess the top or bottom; waiting for the data to settle before making strategies is the most prudent approach.