March 17, 2026 Spot Silver Morning Analysis

On March 16, silver weakened significantly. International spot silver plummeted from above $80, hitting a low near $77, closing in the $79-80 range with a bearish daily candle. Domestic Shanghai silver and Silver T+D fell in sync, with bears clearly dominant. Overall, this is a pullback from highs with funds seeking profits and exiting.

The core bearish catalyst is cooling expectations for Fed rate cuts, with a stronger US dollar and Treasury yields pressuring precious metals. Strong US inflation data suggests rate hikes won't come quickly, increasing the cost of holding silver. Additionally, the sharp prior gains led to concentrated fund outflows and cooling risk-off sentiment, with silver falling harder than gold. Today has no major data releases; focus on USD movement and market sentiment—approach cautiously.

Daily chart has broken short-term moving averages with weakening trend; 4-hour chart runs along a descending channel with limited rebound strength. Key international silver levels: $78-80 below is strong support; breaking would target $75. $82-83 above is resistance; failure to break indicates continued weakness. Indicators show oversold conditions with possible minor rebounds, but short-term weakness is hard to reverse.

Today's strategy: Primarily range-bound at low levels; avoid chasing. Suggest averaging in long positions on dips toward $76-78, targeting $80-82, waiting for stabilization before operating conservatively. Aggressive traders can take small long positions with quick entry/exit and strict stop-losses.

The above is personal advice only, for reference purposes, and does not constitute investment guidance. Please refer to Cheng Jingsheng Shiping's specific layout for details! #XAU $XAG