17 April 2026 Spot Silver Morning Analysis

Spot silver yesterday broke through the 80 level and then faced resistance, pulling back to maintain a high-level oscillation pattern, and retreated to around 78 in the evening for consolidation, which is a normal technical correction after this round of rally.

From the 4-hour perspective, the MACD green bars continue to expand and form a death cross at high levels, RSI indicator has fallen back from the overbought zone, short-term upward momentum has clearly weakened, and the trend is leaning towards a correction and recovery. The key support is formed between 77.5-75.9, while the strong resistance levels are 79.5 and 81.4, indicating that in the short term, prices are likely to oscillate and tug between 78-79 repeatedly.

For trading, it is recommended to rely on the resistance zone of 79.5-81.4 to establish short positions, entering gradually after resistance is tested, with targets around 77.5-76.

The above is only personal advice, for reference only, and does not constitute investment advice. Please follow Cheng Jingsheng's layout at Shipan for specific strategies! $XAU ‌#XAU