4.13 Silver Analysis:

Silver is currently at a high level, with the overall trend leaning weak and oscillating downward. The sharp rise in oil prices has raised concerns that inflation will continue to increase, causing the US dollar and US Treasury yields to rise accordingly, which directly increases the cost of holding gold. The appeal of silver, which does not pay interest, also diminishes.

Previously, long investors started to take profits and exit, and combined with market volatility, institutions tend to sell gold for cash. The bullish funds are continuously withdrawing, and the bearish forces have already gained the upper hand.

On the daily chart, it has retreated from high levels, with little strength in the rebound. The MACD indicator has formed a death cross, clearly signaling a bearish outlook.

Trading suggestions:
Short in the 76-78 range, with targets below at 73, 70, and nearby. #白银