2026-01-04 23:23:39

Silver's recent trend is interesting. After multiple tests of the lower support, it finally stabilized, forming a clear double bottom reversal pattern on the chart. Buying pressure is gradually increasing.

From the trading data and capital movements, the net long positions of non-commercial traders in COMEX silver have been steadily increasing, indicating that market sentiment is gradually improving. At the same time, silver ETF holdings are also steadily rising, which means funds are re-entering the market, reserving energy for the upcoming rally.

Gold has performed well, and silver is also rising accordingly, suggesting that the gold-silver ratio has room for correction. From a trading perspective, you can consider going long at key support levels, waiting for the price to move upward. The first step is to watch the previous high points; if the price breaks through that level, there are still resistance levels at integer positions above to watch.

Specifically, consider building a long position in the 71-72 range, with targets around 75-78.

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ShibaSunglasses

· 01-07 21:10

The double bottom pattern is back, but this time silver seems to have some real potential. The signal for funds entering is indeed clear. I'm optimistic about the 71-72 range for positioning, betting that it can break through 75-78.

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CryptoNomics

· 01-07 17:58

actually, if you run a basic correlation matrix on silver vs gold price movements over the past 18 months, you'd see this "double bottom" thesis completely falls apart statistically. but sure, let's ignore the regression coefficients and just stare at some squiggly lines.

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RektButSmiling

· 01-06 01:33

The double bottom reversal theory can fool a group of people every time. The key is whether the funds are really flowing in or not. The ETF holdings signal is somewhat reliable, but I'm worried it might just be a fleeting phenomenon again.

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staking_gramps

· 01-04 23:52

The double bottom pattern this time really has some substance. Can we hit 75 by trying at 71-72? With the current market conditions, it’s hard to justify not going long.

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RatioHunter

· 01-04 23:42

Double bottom has formed again. This time, it feels a bit different, and funds are indeed slowly flowing back in. Can we enter at 71-72, or is it better to wait and see for more stability? It would be great if silver could dance along with gold this time, otherwise, it might face a solo slap in the face again.

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GateUser-3824aa38

· 01-04 23:40

The double bottom reversal theory has been heard too many times; the key is whether it can truly break through or not, otherwise it will just be another false alarm.

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gas_fee_therapist

· 01-04 23:36

The double bottom narrative is back again, and every time it's said, it never actually goes up... But this time, the data is indeed a bit different; funds are really entering the market. 75-78, got it. Remember that, take a gamble and give it a try.

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BrokenDAO

· 01-04 23:34

A double bottom sounds good, but I've heard this narrative of "funds entering the market and sentiment improving" too many times. The question is, who is defining what is "key support"? Can position data reflect true intentions? Or is it just another signal in the ongoing game of funds?

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StableGenius

· 01-04 23:27

double bottom plays out like clockwork, except when it doesn't... empirically speaking, these setups fail roughly 40% of the time but sure, let's pretend COMEX data is suddenly reliable. also ngl the 71-72 entry point is where everyone and their cousin gets trapped lol

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