XAG Silver Market Analysis 2026.04.20 Silver has been in a rebound since 60.8. The likelihood of this rebound developing into a new upward trend is very low. Currently, the only thing to consider is whether the rebound is targeting the red segment or the blue segment shown in the chart. If the rebound from 60.8 is targeting the red segment's decline, then this rebound is of a larger scale. If it ends near the 98.2 level, it would be a large-scale weak rebound. If it can reach the 103.3 level before ending, it would be a large-scale strong rebound, followed by a new decline. If the rebound from 60.8 is targeting the blue segment's decline, then it has already met the basic requirements. As long as it doesn't break below 71.7, there is still momentum for an upward move. If it breaks below this level, be cautious of the rebound ending. The blue resistance zone shown in the chart (85.6-88.7) corresponds to the pressure level for this rebound. If it breaks through, the rebound scale may expand. Silver also needs to pay extra attention to gold's reaction near the 5020 level. If gold faces resistance at this level, silver should be cautious of the rebound ending, regardless of where it moves.