Silver has recently experienced a strong rally, breaking through the $80 level on Friday and closing at $79.9, with an intraday increase of nearly 4%, and momentum continues to stay strong.

The daily chart shows continuous upward movement along the upper band of the Bollinger Bands, with the previous high of 83.8 approaching; although RSI and KDJ indicators are in the high zone, there are no obvious signs of weakness at present.

Supported by rising expectations of interest rate cuts and global risk aversion sentiment, silver is becoming a favored safe-haven asset among investors.

Overall, as long as the price does not fall below the middle band of the Bollinger Bands, the upward trend will continue, and pullbacks can be seen as entry opportunities. The first target on the upside is 83.8; a breakthrough could further open up space for upward movement.