April 21, 2026 Spot Silver Analysis



Good morning everyone! Yesterday, silver gapped down at the open, stabilized at 78.6 and then moved higher with oscillations, followed by consolidation at high levels, with the overall trend following gold.

The strengthening dollar and fluctuating expectations of rate cuts have suppressed silver prices, but tight global supply, strong demand from the photovoltaic industry, combined with Middle Eastern safe-haven sentiment, still provide strong support for silver prices.

The bullish technical pattern remains intact, with short-term support at 79.4 and 78.6, and resistance at 81 and 83. Above, the focus is on range-bound trading; if prices pull back and stabilize, consider short-term low-buy entries. The initial target is the resistance above, and if broken, it can continue toward 85, with strict risk control.

The above is only personal advice, for reference only, not investment advice. Please follow Cheng Jingsheng Shipian’s layout for specifics! $XAG #XAG
XAG-1.38%
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