diff --git a/superset-frontend/src/dashboard/components/gridComponents/Markdown.jsx b/superset-frontend/src/dashboard/components/gridComponents/Markdown.jsx
index a21402c3ab24d..6f64978db8ec5 100644
--- a/superset-frontend/src/dashboard/components/gridComponents/Markdown.jsx
+++ b/superset-frontend/src/dashboard/components/gridComponents/Markdown.jsx
@@ -27,6 +27,7 @@ import { MarkdownEditor } from 'src/components/AsyncAceEditor';
 
 import DeleteComponentButton from 'src/dashboard/components/DeleteComponentButton';
 import DragDroppable from 'src/dashboard/components/dnd/DragDroppable';
+import HoverMenu from 'src/dashboard/components/menu/HoverMenu';
 import ResizableContainer from 'src/dashboard/components/resizable/ResizableContainer';
 import MarkdownModeDropdown from 'src/dashboard/components/menu/MarkdownModeDropdown';
 import WithPopoverMenu from 'src/dashboard/components/menu/WithPopoverMenu';
@@ -317,7 +318,6 @@ class Markdown extends React.PureComponent {
                 value={this.state.editorMode}
                 onChange={this.handleChangeEditorMode}
               />,
-              <DeleteComponentButton onDelete={this.handleDeleteComponent} />,
             ]}
             editMode={editMode}
           >
@@ -350,6 +350,11 @@ class Markdown extends React.PureComponent {
                   className="dashboard-component dashboard-component-chart-holder"
                   data-test="dashboard-component-chart-holder"
                 >
+                  <HoverMenu position="top">
+                    <DeleteComponentButton
+                      onDelete={this.handleDeleteComponent}
+                    />
+                  </HoverMenu>
                   {editMode && isEditing
                     ? this.renderEditMode()
                     : this.renderPreviewMode()}