Daily Summary: Wednesday 16 of April of 2026SilverOANDA:XAGUSDSilver_PinTechnicals: Today the price ended with a Daiky rejection of the the 80 mark and with the price making a lower low than yesterday, but with lower volume. The price showed also a rejection of the upper band of an uptrend channel that was formed 3 weeks ago. On the 4h chart the price held on the support level of 78.50 forming a sideways channel around the 80.50 and 78.50 level that has held for the last 2 days. On the 1 hour chat the price showed rejection around the 78.50 level with an indecision candle around 10:00 a.m. NY time. This may be a sign of indecision for the market and may held for tomorrow as well. Pin Bars: 1) A pin bar was observed on the 1h chart on the Asian session but was a timid rejection of the 80.00 level at 23h NY time and which had lower volume and smaller body than preceding candle and was invalidated by the following candle. 2) At 21:00 NY time a kind of pin bar presented but was not classified as it according to my parameters as it didn't not have at least 1/3 of the body as body/wick ratio. This candle was invalidated as well besides having more volume than the preceding candle. Besides, when I see this kind of behaviour of the market not using pin bar as rejection, this would made me cautious if a bearish pin bar presents tomorrow on the 1h or 4h chart., specially around similar levels. Fundamentals: There were no high impact news today according to my research. Money Bible Quote: "The blessing of the Lord makes a person rich, and he adds no sorrow with it." — Proverbs 10:22