February 12, 2026 Spot Silver Morning Analysis

Yesterday, spot silver initially fluctuated then rebounded. Non-farm payroll and other negative data were released, causing the US dollar and Treasury yields to rise. According to common logic, silver prices should have plummeted, but in reality, it only experienced a slight pullback followed by a quick rebound, with limited decline throughout the day, clearly showing it couldn't fall further.

The news sentiment is somewhat bearish, but the negative factors have been fully digested: US employment data exceeded expectations, delaying market expectations of interest rate cuts, which suppressed silver prices; however, strong industrial demand for silver and tight supply and demand conditions, combined with bargain buying on dips, supported the price, resulting in a strong oscillation that didn't fall despite negative news.

From a technical perspective, silver held strong support at 81-82, stabilized above 83 in the short term, and the daily chart maintains a oscillating but slightly bullish structure; resistance levels are at 85-86, with range trading expected before breaking through. Indicators are not showing deterioration; pullbacks are good opportunities for long entries, and chasing shorts is not recommended.

Morning Trading Suggestions:
- Buy lightly on dips around 82.5-83 with a stop loss below 81.8, targeting the 84.5-85.5 range.
- If a rebound to 85.5-86 encounters resistance, consider light short positions with a stop loss above 86.8, targeting the 83.5-82.5 range.
- Keep position sizes tight, set proper stop losses, as pre-holiday volatility is high; trade within the range steadily.

The above is only personal advice for reference, not investment advice. Please follow Cheng Jingsheng's layout for specific strategies!#XAG $XAG