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5.7 Silver Intraday Market Analysis - Shiyuan's Viewpoint
Silver surged strongly overnight, leading gains among precious metals, with London Silver currently at $77.75 per ounce, and New York Silver futures reaching $78.63 per ounce. The price broke through the previous consolidation range with strong upward momentum.
Short-term outlook: The bullish trend is clear, with a focus on support at $77-$77.5; stabilization can be seen as a buy signal, with resistance at $79-$80.
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