April 22, 2026 Spot Silver Analysis

Good morning! Today, spot silver is moving in tandem with gold, which has weakened sharply. In the morning, it opened with a downward gap, and the intraday decline is over 3%, with strong bearish momentum in the short term.

On the news front, the extension of the US-Iran ceasefire and cooling risk sentiment, together with the Fed’s hawkish remarks from Wosh, have pushed back expectations for rate cuts, while a stronger dollar suppresses silver prices.

Technically, it has broken through the key support levels at $80 and $78. The daily chart shows a bearish arrangement, and the downward trend in the short-term cycles is clear.
For today, watch resistance above at 78.5–78.9, while support is at 77 and the 76.5–76 range.

Trading is mainly focused on shorting on rebounds. On rebounds near 78.5 and 79, you may test shorts with a light position. Targets are around 77 and 76, with a strict stop-loss. If the price stabilizes and holds at lower levels, you can take a quick short-term long and exit fast. Silver’s volatility is higher than gold’s—so be sure to trade with light positions and strictly control risk.

The above is only personal advice for reference and does not constitute an investment basis. Please follow the layout by Cheng Jingsheng Shipán for specifics! $XAG