March 16, 2026 Spot Silver Morning Analysis

Last week silver surged initially then pulled back significantly, closing lower on the weekly chart. Early in the week, it oscillated at high levels. In the latter half of the week, it continued to decline due to a stronger US dollar and cooling expectations for Fed rate cuts. International silver prices fell from around 97 dollars to below 80 dollars, and domestic Shanghai silver dropped in sync with notably larger volatility than gold, representing a deep pullback after profit-taking from previous highs.

The main bearish factor is that the probability of a March Fed rate cut has dropped to zero, with June rate cut expectations postponed. The US dollar and Treasury yields are rising, suppressing silver prices. Cooling risk-off sentiment and excessive previous gains triggering concentrated fund outflows, combined with no obvious positive signals for industrial demand—under these triple pressures, silver prices are weakening. This week's focus is on the Fed's interest rate decision meeting; a hawkish stance means continued pressure, while a dovish stance could provide a rebound opportunity.

Short-term bears are dominant. The key support for international silver prices is at 78-80 dollars; a break below will probe 75 dollars. Resistance above is at 83-85 dollars; failure to break through there indicates continued weakness. For domestic Shanghai silver, watch the 20,000 yuan/kilogram support level, with resistance at 21,000-21,500 yuan/kilogram. Daily indicators show oversold conditions, but no clear reversal signals have emerged yet.

Morning outlook: Current silver prices are fluctuating around 80 dollars—more observation than action. If 78-80 dollars stabilizes, try going long with light positions, with stop loss below 77; target the 83-85 range. Treat overall movement as range-bound oscillation, don't chase orders, and wait for the Fed meeting to clarify direction.

The above is merely personal advice for reference only and does not constitute investment basis. Please refer to Cheng Jingsheng Shiipan's specific positioning for details!!$XAG ‌#XAG