Silver XAG Market Analysis April 20, 2026

Currently, silver is showing a rebound structure starting from 60.8. It is difficult for this structure to turn into a new upward starting point later. The only thing to watch now is whether this rebound is targeting the same level as the red or blue lines in the chart!

If it is targeting the red line level in the chart, the upper limit of this rebound will be relatively high. If the rebound ends at 88.151, it will be considered a weak rebound of a major rebound; however, if it breaks through 88.151 and continues to rise to around 103.3-105.3 before ending, it indicates that the red line route has completed, and a major rebound is expected. Ending at this position could lead to a new major downward move.

If this rebound is targeting the blue line in the chart, then focus on the resistance level marked as 83.256 and the support level at 71.507 in the chart. As long as it does not fall below 71.507, there will still be upward momentum. Falling below this level is considered the end of the rebound. If it does not fall below this level and instead breaks through 83.256, then the rebound level can be considered to continue expanding!

Additionally, I have always emphasized that silver often follows gold’s footsteps. If gold encounters resistance near 5021, regardless of where silver is at that moment, be aware that the rebound could end at any time and follow gold downward! #黄金白银