Silver forms a crucial support level at $88, which is key for the bulls. From a technical perspective, buying interest is clearly accumulating at this level, and a short-term rebound is underway, targeting the $92.8 to $94.2 range.

Let's first look at the key price levels—resistance at $92.8 and $94.2, with support at $88 and $86.5.

Why is the support so strong? Several factors are stacking up. The ongoing geopolitical conflicts continue to ferment, and global central banks are increasing their silver reserves, providing buying support. On the other hand, industrial demand from solar and electronics sectors is steadily growing, putting pressure on supply and pushing the supply-demand balance toward tightness. Technical indicators are also cooperating— the 4-hour MACD green bars are shrinking, and the RSI has rebounded above 50 from the lows, indicating that rebound momentum is gradually building.

How to operate specifically? You can enter long positions gradually in the $90.2 to $89.0 range, with a stop-loss below $88, targeting $94.2. If $88 holds steady, it’s an opportunity to add positions, with the same stop-loss below $88. If the price breaks above $94.2, you can chase the longs, adjusting the stop-loss to below $92, with targets further up at $95.5 to $96.8. Conversely, if it falls below $86.5, consider a light short position, observing for a rebound near $87.2.

The market is constantly changing, so specific execution should be adjusted flexibly according to real-time trends.