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SailorSamba
· 04-17 06:10
April 17, 2026 Spot Silver Morning Analysis
Spot silver broke through the 80 level yesterday, then faced selling pressure and pulled back, maintaining a high-level consolidation pattern. In the evening, it retraced to around 78 for consolidation, which is a normal technical correction after this round of upward move.

From the 4-hour timeframe, the MACD green histogram continues to expand with a dead cross at high levels. The RSI indicator has fallen back from the overbought zone, and short-term upward momentum has clearly weakened, suggesting the trend is leaning toward pullback and repair. The 77.5-75.9 range below forms key support, while 79.5 and 81.4 above are strong phased resistance. In the short term, it is highly likely that the price will repeatedly oscillate and tussle around the 78-79 range.

For trading, it is recommended to place short orders based on the 79.5-81.4 resistance zone, entering in batches after it faces pressure, with targets looking toward 77.5-76.
This is only personal advice, for reference only, and does not constitute investment advice. For specifics, please follow Cheng Jingsheng Shi Pan’s layout! $XAU ‌#XAU
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