April 28, 2026 Spot Silver Morning Analysis

In the morning, silver moves in sync with gold’s rhythm. The overall market is weak and continues to trade in a range-bound, oscillating pattern. Price action is rather dull, and there are currently no signals suggesting stabilization and a shift to strength.

On the hourly chart, it prints a bearish candle with a long upper shadow, which clearly indicates that selling pressure above is heavy and that resistance to short-term rebounds is strong. Although the four-hour chart closes slightly bullish, the price is still trading in the lower-band area of the downtrend channel. In the near term, it is difficult to break through the pressure from the midline. Overall, the market structure remains weak and range-bound.

The short-term market continues to consolidate within a range. For the upside, closely watch the two key resistance levels at 76.5 and 77.5. For the downside, short-term support is at 74.5, and the strong support is around 73.

In terms of trading, build short positions in batches based on the upper resistance levels, entering in the 76.5 to 77.5 zone. For pullback targets, look at around 75 first, and then around 73. Use reasonable risk management and place stop-loss orders accordingly.

The above is only personal advice for reference and does not constitute an investment basis. For specific arrangements, please follow Cheng Jingsheng’s Shipán layout! $XAGUSD