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.
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NeonCollectorvip
· 1h ago
Wait, will the Federal Reserve really cut interest rates? Feels like we're being fooled again.
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ser_ngmivip
· 3h ago
Waiting for the data, jumping in now is purely courting death
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MeaninglessApevip
· 3h ago
I really didn't dare to act before this wave of data came out; those chasing gains and selling at losses are bound to suffer --- It's another drama where unemployment benefits decide everything, I'm tired --- Repeated friction within the range, isn't it better to wait and see rather than jumping in now --- I just want to know if anyone dares to add positions before 21:30 --- Talking about high sell and low buy is easy, but the speed of execution can't keep up, brother --- Whether the support at $88 can hold is the key, right? --- With so much noise in the data, don't make reckless moves; it sounds good, but who can resist?
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Ser_APY_2000vip
· 3h ago
Acting before the data is finalized is self-punishment. I believe this rebound can reach 93.
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BearWhisperGodvip
· 4h ago
Waiting for data? I'll just go to sleep to avoid being harvested.
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MEVHunterBearishvip
· 4h ago
Before the data is released, it's just gambling. I'll still lie low and wait for the news. --- It's the same old story of buying high and selling low, easy to say but actually getting slapped in the face when you try to operate. --- Long at 88.5? I think it's uncertain, still need to drop a bit more. --- At around 21:30, you have to stare at the screen constantly, or else Silver might gap through your position directly. --- The middle of the range is the easiest to get trapped, even experienced traders avoid this position. --- Reminded me of the last time before the Federal Reserve data release, I was fully long, but ended up rushing in and out, losing a lot. --- Whether to cut rates or not, that’s the key factor determining the metal's trend, everything else is just superficial. --- Stop loss at 87.0? Feels like it needs to go lower, this data probably won't look good no matter what.
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