Analysis of Spot Silver on April 6, 2026

Today, in the Asian session, silver gapped down at the open and continued to decline, briefly dipping near 71 before quickly stabilizing and rebounding. The overall trend for the day remained in a high-level oscillation and correction pattern.

From the chart cycle perspective, the one-hour trend is operating along the upper channel line, while the four-hour price is hovering near the middle moving average line, indicating that the medium-term upward trend remains unchanged. Although there was a slight narrow-range correction in the short term, the core medium-term support at 72 and 70.5 is very solid, making a deep oversold correction unlikely.

As long as the key support below holds firm and is not broken, the bullish sentiment remains intact. After the market stabilizes, it can continue to look upward toward target levels of 73 and 75.

The above is only personal advice for reference and does not constitute investment advice. Please follow the layout of Cheng Jingsheng Stone Plate for specific guidance! $XAG ‌#XAG