This is mainly due to the impact of the US dollar breaking through the year's high. There is no doubt that precious metals have been struggling against the backdrop of a strong U.S. dollar since the summer, especially after the U.S. election, and silver's trend has been most obviously affected by the U.S. dollar. The BR blog noted that silver is testing important support points.
The article quoted a chart from the world's largest silver fund r and said that the driving force for the rise in precious metal prices came from the attention it received, but it was initially due to the emergence of potential turning points.
Every investor may ask when the turning point will come, but there is no way to be sure. What investors can do is to determine the most likely support point to obtain The best way to maximize your probability of success is to list multiple potential key support points in the immediate area, as shown in the image below.
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Baishan Weiye official website information-Silver is near the bull-bear divide