February 5, 2026 Spot Silver Midday Analysis

The market has always been about finding direction amid fluctuations. Spot silver continues to oscillate at high levels. While there is a short-term upward basis, the risk of a pullback is gradually becoming apparent. Do not chase the highs; mastering the oscillation rhythm is key.

From a news perspective, industrial demand for silver remains supportive, but risk aversion sentiment is cooling marginally. Coupled with profit-taking after the previous sharp rise, market buying momentum has weakened, becoming the main factor putting short-term pressure on the market.

Technical analysis shows that London silver surged to $90.389 before pulling back. The current price is away from the short-term moving average, with bullish momentum waning. After reaching high levels, technical correction needs are evident, and a short-term pullback is likely.

In terms of trading strategy, focus on buying low and selling high. For spot silver, it is recommended to buy in batches on rebounds to the $89.5–$90.0 range, targeting support levels around $87, $85, and $83. Strictly control position sizes, and exit promptly if the price breaks below $90.

The above is only personal advice. For reference only, not investment advice. Please follow Cheng Jingsheng's layout for specific guidance!#白银 $XAG3L