April 17, 2026 Spot Silver Morning Analysis



Spot silver broke through the 80 level yesterday and then faced resistance and pulled back, maintaining 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 timeframe, the MACD green bars continue to expand and form a death cross at high levels, the RSI indicator has fallen back from the overbought zone, and short-term upward momentum has clearly weakened, indicating a tendency toward a correction and recovery. The 77.5-75.9 zone below constitutes a key support, while the 79.5 and 81.4 levels above are strong resistance zones, and in the short term, it is highly likely to oscillate repeatedly within the 78-79 range.

Operationally, it is recommended to establish short positions around the 79.5-81.4 resistance zone, entering in batches 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 for specifics! $XAU #XAU
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