March 17, 2026 Spot Silver Morning Analysis

On March 16, silver weakened significantly, with international spot silver plummeting from above 80 dollars, hitting a low near 77 dollars, closing in the 79-80 dollar range with a bearish daily candle. Domestic Shanghai silver and silver T+D fell in sync, with bears clearly dominant, showing an overall high-level pullback and profit-taking outflow pattern.

Core bearish factors include cooling expectations for Fed rate cuts, strengthening US dollar and US Treasury yields suppressing precious metals; strong US inflation data makes the market believe rate hikes won't happen quickly, raising the holding cost of silver. Additionally, with large gains in the previous period, concentrated fund outflows, and cooling safe-haven sentiment, silver fell harder than gold. No major data releases today; focus on US dollar movement and market sentiment, taking a cautious approach.

Daily chart breaks through short-term moving averages with weakening trend; 4-hour timeframe runs along a descending channel with weak rebound strength. Key levels for international silver: 78-80 dollars is strong support below, looking at 75 dollars if breached; 82-83 dollars is resistance above, with rebounds unable to overcome it indicating continued weakness. Indicators show oversold conditions, possible minor rebound, but unlikely to reverse near-term weakness.

Today's Strategy: Consolidation at low levels mainly; avoid chasing orders. Recommend accumulating long positions at 76-78 area on dips in batches, targeting 80-82 area, wait for stabilization before trading conservatively; aggressive traders can trade light short-term longs for quick entry and exit, with strict stop-losses in place.

The above is only personal advice for reference only and does not constitute investment basis. For specifics, please refer to Cheng Jingsheng's Shipan layout! #XAU $XAG