Silver (XAG\/USD) fell more than 1% on Monday after a weekend gap lower. It traded at $79.78 after a daily high of $80.68, following the closure of the Strait of Hormuz and increased US\u2013Iran tensions after a vessel seizure.<\/p>\n
A doji formed near $80, which points to indecision between buyers and sellers. The broader trend stayed upward, with support near the 50-day SMA at $78.98, though pressure rose alongside higher US Treasury yields.<\/p>\n
A break under the trendline near $78.00 would target the 100-day SMA at $77.53 and then the 20-day SMA at $74.34. The upward view would change if Silver makes a fresh low below $77.78.<\/p>\n
If price moves above $80, the next levels are $83.05, $85.46, $87.43, and $89.42, with $90.00 also in view. Silver prices are influenced by geopolitics, recession fears, interest rates, the US Dollar, demand, mining supply, recycling, industrial use, and Gold\u2019s moves.<\/p>\n
We are seeing a familiar pattern of indecision now in late April 2026, much like we observed around this time last year. Silver is currently finding it difficult to push past the $85 resistance level, which reminds us of how it stalled near $80 in 2025 following the geopolitical flare-up in the Strait of Hormuz. The market appears to be taking a breath after a strong run, weighing new tensions in the South China Sea against a robust economic outlook.<\/p>\n
For derivative traders, the immediate focus should be on key technical levels, as a doji pattern is now forming on the daily chart, signaling uncertainty. We must watch the upward trendline support, currently near $83.50, with extreme caution. A break below this level could mirror the situation in 2025 and open the door for a deeper correction toward the 50-day moving average.<\/p>\n
The broader market environment is also creating headwinds, with high US Treasury yields continuing to be a major factor. The 10-year note is holding steady around 4.5%, making non-yielding assets like silver less attractive for some capital. This, combined with a relatively firm US Dollar, could cap any immediate attempts to rally higher.<\/p>\n
On the other hand, the fundamental picture for industrial demand is much stronger now than it was in 2025. The Silver Institute confirmed that global industrial offtake hit a new record last year, driven by massive investment in solar panel production and the electric vehicle market. This strong underlying demand provides a solid floor and may limit the extent of any potential sell-off.<\/p>\n
We should also consider that the Gold\/Silver ratio is currently sitting at 88:1, which is historically high and suggests silver may be undervalued relative to gold. Looking back, similar high ratios in the past, such as in early 2020, preceded strong upward moves in the silver price. This could present an opportunity for those positioning for a longer-term rebalancing between the two precious metals.<\/p>\n","protected":false},"excerpt":{"rendered":"
Silver drops over 1% after Hormuz closure; doji signals indecision, bullish trend intact; key support $78.00.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-45431","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/45431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=45431"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/45431\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=45431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=45431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=45431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}