March 18, 2026 Spot Silver Midday Analysis

On March 17, silver showed overall weakness with oscillation and bottom-seeking rebound. International silver prices sawed back and forth around 78-81 USD, while domestic silver prices fluctuated near 20,000 yuan/kg. After a morning plunge, there was a slight afternoon rebound recovery, with the closing stable. Short-side strength weakened somewhat, but bulls showed no obvious counter-attack, characterized by narrow-range consolidation where prices couldn't fall further nor rise higher.

The core news remains the imminent Federal Reserve rate decision meeting. Markets fear hawkish rhetoric and a strong dollar pressuring silver; without major data releases, funds are in a wait-and-see mode, with prior profit-taking positions exiting and hedging demand not yet emerging. Short-term focus is on the dollar and meeting expectations; without shocking news, large trending moves are difficult.

Spot silver oscillated in the 78.8-80 range during midday, with key support at 78.5 USD and resistance at 80.5-81 USD; domestic silver support at 19,700 yuan/kg, resistance at 20,100 yuan/kg. Moving averages in bearish alignment, MACD green histogram narrowing, decline pace slowing; KDJ in oversold territory with upturned signals, showing modest rebound demand, but avoid chasing highs.

Midday session continues low-level oscillation, first watch the 78.5-80.5 range. If holding 78.5, cautiously try long positions with target around 80-82 range nearby, set strict stop losses, awaiting evening and tomorrow's meeting signals.

The above is merely personal advice for reference only, not constituting investment basis. Specific positions should follow Cheng Jingsheng Shi Pan layout!! #XAG $XAG