#比特币与黄金战争 Silver up 137% year-to-date, hitting a new all-time high again on December 26

The market has no absolute direction of rise or fall; those who truly make money are still those who坚持理性、顺势而为—stick to rationality and follow the trend.

How crazy is this round of silver market? Numbers tell the story—year-to-date gains have already surpassed 137%, making it the most dazzling asset in the global financial markets. Shortly after the market opened on December 26, spot silver jumped gap-up past $73/oz, continuing to rewrite historical records. As of press time, London silver quotes $74.61/oz, a daily increase of 2.07%; domestic Shanghai Silver T+D also performed strongly, quoting 18,389 RMB/kg, surging 6.66% that day. Behind this strong momentum is a resonance effect caused by multiple factors colliding.

**What does the technical analysis say?**

The bulls are completely dominant. The price repeatedly breaks through historical resistance levels, with a clear bullish pattern, and the medium- to long-term upward trend remains intact. But there is a key risk to watch out for—the current price deviation from the 50-day moving average is very large, short-term volatility has reached historical extremes, and overbought signals are very obvious.

In high-level fluctuations, a liquidity-sparse environment will further amplify the price jumps. Focus on the key resistance level of $75.5/oz for London silver; the first support below is around $73/oz, and further down, there is strong support at $70/oz.

**How to operate more safely?**

The core idea is: look for pullback opportunities during high-level oscillations, and avoid blindly chasing the rally out of greed.

The specific strategy is this—if international spot silver can stabilize in the $73–73.5/oz range, consider gradually accumulating long positions on dips, with a stop-loss set below $72/oz, and target the $75–75.5/oz range. Conversely, if the rebound is suppressed near $75.5/oz, try a small short position, with a stop-loss at $76/oz, and aim for a return to $74/oz.

The volatility in the precious metals market is indeed large, influenced by macro policies, geopolitical situations, market sentiment, and other factors. Trading risks always exist. Every investor should fully recognize this and make rational decisions based on their risk tolerance and investment goals.