February 24, 2026 Spot Silver Morning Analysis

Cheng Jingsheng first wishes everyone a Happy New Year in the Year of the Horse, a prosperous start to the market, smooth investments, and guaranteed profits!

Yesterday, silver continued its strong momentum, rising nearly 20% over four trading days, closing near $88, showing strong bullish strength.

Let's first look at the news: tensions in the Middle East increased risk aversion, the Fed's rate cut expectations grew, and funds flooded into the market. Silver's elasticity is greater than gold's.

Next, on the technical side, silver prices stabilized at high levels, but indicators are already overbought. The $88-90 range is a strong resistance, and short-term fluctuations and corrections are likely. Don't blindly chase the high.

This morning, silver experienced slight fluctuations, with support at $86-87 and resistance at $89-90. In terms of operations, a short-term pullback to stabilize at $86-87 can be used for light long positions, with a stop loss at $84, targeting $89-90; if it rises above $90 with insufficient volume, consider shorting with a stop loss at $91 and a target of $86-87.

Reminder: recent volatility is high. Operate with light positions, strictly set stop losses, and avoid heavy bets on direction. Prioritize stability.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng's strategic layout for specifics! $XAG ‌#XAG