Spot silver on December 22.

The overall trend is strongly bullish, with the current price fluctuating around the 68.98 position, up 2.69% from yesterday's close. The intraday high reached 69.433, while the low was around 67.04. The overall trend shows a one-sided upward movement, with the moving averages MA5, MA10, and MA20 all diverging upwards, providing support for prices in the short term. The bullish trend is clear. After the short-term price peaked at 69.433, there was a slight pullback, which is a short-term adjustment within the upward process and does not disrupt the overall rising rhythm.

The early stage of the main upward wave shows a series of continuous bullish candlesticks, which is a typical bullish attacking candlestick pattern, reflecting strong buying power; however, recent candlesticks have shown upper shadows, indicating that there is short-term pressure around 69.4330, and bulls are temporarily taking profits, but the buying support below remains strong, limiting the pullback; currently, the candlestick is consistently trading above the short-term moving average, with no effective breakdown of the moving average, and the upward formation remains intact.

On the operational level, it is necessary to avoid the risk of blindly chasing high prices. Bulls can wait for the price to pull back to the support area before taking small positions in a long position, with stop-loss set below the support level; bears should rely on resistance levels to strategically position themselves, with stop-loss placed above the breakout level. As Christmas and New Year's Day approach, market liquidity is gradually tightening, and the volatility of silver prices may further increase. It is recommended to strictly control position size while shortening the holding period.

Specific operational advice: If the price retraces to the 68.44-68.50 range and finds support, you can take a small long position, with a stop loss set at 67.5.

If the price rebounds to around 69.433 and meets resistance and falls back, a short position can be taken with a stop loss set above 69.6.

If it effectively breaks through 69.4330, you can follow the trend to go long, targeting the round number of 70.

The above is only a personal suggestion for reference and does not constitute an investment basis #白银 #现货