Silver has precisely rebounded from the bottom, with 69.2 support effectively stabilizing, making it the right time to position for a long entry.

In the extension process of a bullish trend, a timely pullback test is precisely the self-verification and confirmation of the market structure. After silver accurately retraced to the key support area of 69.2 in the evening, it quickly stabilized, which is not coincidental. This position is not only the lower support of the recent upward channel but also the upper conversion zone of the previous dense trading area, serving as an important elastic boundary for the current bullish trend.

Support is effective, and the trend continues.
After a pullback, it quickly stabilized, indicating:

1. Support confirmation: The market collectively reaches a defensive consensus at key price levels, and the bulls have not retreated;
2. Elasticity intact: After the price touches the support, it does not continue to dip further, indicating that the selling pressure has been absorbed here, and the elasticity remains under tension;
3. Trend continuation signal: In an ascending structure, a pullback that does not break key levels is often a preparatory signal for the trend to restart.

Operate with the trend to go long, with targets gradually looking upwards.
Currently, you can look for low long opportunities in the range of 69.2-69.4, with defense set around 68.9 to prevent a quick false breakout. The rebound targets can be observed in phases:

1. First look near 70.3, where there is a short-term previous high and an integer psychological barrier, which presents certain resistance;
2. Looking at the 70.6 level again, if it strongly breaks through 70.3, that position will serve as a testing point for the continuation of the upward movement.

Trend following, always adhering to structure and resilience
In the current clear upward structure, trading should simplify complexity.

Silver is currently still in a bullish dominant rhythm, and a sufficient pullback actually provides a clearer structure and a safer entry position for subsequent layouts.

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Risk Warning:

1. If the price falls below 68.9 again, be cautious as the structure may weaken, and you should promptly cut losses and reassess;
2. The target area is a preliminary expectation. If the market momentum is not as expected or if there is stagnation, one should promptly reduce positions or exit.
3. Always control your positions, it is best to use light positions in batches to avoid chasing highs at the end of a trend.

When the market tells you precisely through a pullback that it is still in trend, what we do is to continue moving along with the trend under the premise that risks are controllable.