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April 13, 2026 Spot Silver Analysis
In the morning, spot silver gapped down at the open and continued to decline, with the lowest dip around 72.5, then began to rebound and fill the gap. Currently, it is consolidating near the 74 level.
In the short term, resistance is at 75.5, with strong resistance at 77.2; support on the downside is at 73, with strong support at 71. Overall, the structure is neutral.
If there are no major news triggers, it is expected to remain volatile at high levels in the short term, with the upward and downward pace directly influenced by the US dollar index.
The current US-Iran situation has not been fully digested, and there are many uncertainties in the market. Traders can consider gradually shorting around the short-term resistance of 75.5, with targets at 74, 72, and 70, and a stop at 76.
The above is only personal advice, for reference only, and does not constitute investment guidance. Please follow Cheng Jingsheng's layout for specific actions!! $XAG #XAG