Silver continues to consolidate in the morning, oscillating around 76.5, with the rhythm following gold's fluctuations. What is the market waiting for now? The dual expectations of non-farm payroll data and US tariff policies have made both bulls and bears hesitant to take action. Fundamentally, the possibility of the Federal Reserve continuing to cut interest rates supports silver prices, but weak global manufacturing data is dragging on them—silver is both a precious metal and has industrial uses, so both sides are restraining it.

On the technical side, let's break down the details: The 4-hour chart shows silver trading below the middle Bollinger Band, with the MACD forming a dead cross and expanding but not yet fully extinguished. The J value of the KDJ has turned upward, hinting at a short-term rebound. The 1-hour chart shows a rebound after bottoming at 73.8, with the price oscillating near the middle Bollinger Band, getting stuck at the upper band. The 5-minute chart indicates narrow-range oscillation, with support at 75.5 holding firm.

The daily chart provides a clearer picture: after falling from the high of 82.7, the current resistance zone is 78-80, with 73-74 as a defensive line. Breaking below that could see a move toward 70.

For live trading, the best approach at this position is to trade within the range—buy low near 73-74 on dips, add longs around 73, set a stop at 69.5, and target 76-77. Conversely, when rebounding to 78-80, consider shorting, add positions around 80-82, set a stop at 82.5, with downside targets of 76-75, and if broken, move toward 73-72. Just wait for the next guidance.