The recent silver market is really approaching a critical point. The price has now reached the 99.0 level, just one step away from the psychological barrier of 100. My long-term long position is still holding, and it remains to be seen whether this wave can break through smoothly. Once the psychological barrier of 100 is conquered, it is very likely to move towards 110.

Recently, on the macro environmental front, from discussions at the Davos World Economic Forum to changes in US-EU trade relations, plus the progress of US crypto-related legislation, the overall market risk appetite has been fluctuating. Expectations of a change in Federal Reserve Chairmanship will also influence upcoming liquidity expectations. These factors combined suggest that precious metals, as safe-haven assets, may continue to serve as a hedge.

In the short term, from a technical perspective, the bullish momentum in silver is still building. As long as there are no obvious signs of a pullback, holding on is still promising. The upward potential after breaking 100 will become more apparent.