April 20, 2026 Spot Silver Morning Analysis



Good morning everyone! Today, spot silver opened with a gap down and continued to decline, opening around 79.9, with a low of 78.6, maintaining a weak oscillation in the short term, with bearish sentiment being released intensively. Key support levels below are dense; after stabilizing, a rebound to fill the gap is possible. It is recommended to rely on support levels for phased long positions and avoid blindly shorting.

On the 1-hour and 4-hour charts, after a sharp decline, silver prices are consolidating sideways at low levels, RSI has entered the oversold zone, and downward momentum is gradually weakening. Support levels at 78.5 and 77.5 are relatively solid.

In terms of trading, you can rely on the 77.5–78.5 support zone, establish long positions in phases after stabilization, targeting around 80 and 81.5, and strictly manage position sizes and stop-losses.

The above is only personal advice, for reference only, and does not constitute investment advice. Please follow Cheng Jingsheng's layout for specific strategies! $XAG #XAG
XAG-0.88%
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