April 24,
#币安推出黄金vsBTC未来资产对决活动 2026 - Morning Analysis on Spot Silver
Overnight, silver had a rally followed by a dip, continuing a weak consolidation this morning, with the daily candle closing bearish.
The short-term trend remains in a downward channel, with prices hovering around the lower middle band of the Bollinger Bands, keeping the overall weak market structure intact.
Despite a minor rebound for correction, the resistance at 77 and 78.5 is quite evident, with multiple rejections leading to pullbacks. As we near the weekend close, bullish momentum is dwindling, and the market sentiment among institutions is shifting towards risk-off, further suppressing the rebound potential.
For today’s trading strategy, consider shorting at the resistance levels of 77 and 78.5, while closely monitoring key support around the 74.5 and 73 zone. Maintain a reasonable position size and implement protective measures to navigate market fluctuations cautiously.
This is merely personal advice and for reference only; it does not constitute investment advice. Please refer to Cheng Jingsheng’s Stone Plate strategies for specifics! $XAG
#xag