Spot Silver Analysis for April 9, 2026

Good morning everyone! A new day has begun. Why not put aside yesterday’s fatigue and worries, and greet today’s market with a fresh mindset?

Yesterday, silver followed gold in rallying then pulling back, maintaining a high-level weak oscillation overall.

The 1-hour and 4-hour moving averages are in a bearish alignment, with the MACD double lines crossing below the zero axis downward, and the RSI indicator has not yet entered overbought or oversold territory.

Short-term support below is at 72, with strong support at 69; short-term resistance above is at 75, with strong resistance at 78. Supported by geopolitical factors, the market has limited room for a sharp decline. There is a short-term rebound and correction demand, currently around 73.2.

Operationally, it is recommended to rely on support around 72 and 69.5 to gradually build long positions, targeting 74 and 76.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng’s layout at Shipian for specific strategies!!$XAU ‌#XAU