📉 Today's XAG Silver (March 3) Market Movement (as of 21:40)

• London Silver Spot (XAG): $82.59/oz, -8.26%, intraday low of $77.91, high of $91.32
• New York Silver Futures: $82.65/oz, -6.99%
• Shanghai Silver Main Contract: ¥21,181/kg, -7.38%
• Silver T+D: ¥20,859/kg, -6.31%
🔍 Core Reasons for the Sharp Drop
• Previous large gains: Up about 15.7% since early 2026, profit-taking concentrated at high levels
• Risk aversion cooling: Middle East conflict expectations easing, funds flowing out of precious metals
• USD/US Treasury rebound: Inflation concerns rising, rate cut expectations lowered, a strong dollar suppressing silver prices
• Liquidity + leverage amplification: Silver market is small with high leverage, low liquidity magnifies selling pressure
📊 Short-term/Medium-term Outlook
Short-term (1–3 days)
• Likely to fluctuate and seek a bottom, oversold rebound
• Key support: $78–80/oz (near intraday lows)
• Resistance to rebound: $85–88/oz
• Volatility remains high, watch for a second dip
Medium-term (1–4 weeks)
• If USD/US Treasury continues to strengthen: Silver prices are likely to remain weak and volatile, testing support at $75–78
• If rate cut expectations return and geopolitical tensions rise again: Rebound is expected, targeting $90–95
• Industrial demand (photovoltaics, new energy) provides medium to long-term support, but short-term sentiment remains difficult to reverse
$XAG