March 16, 2026 Spot Silver Evening Analysis

Silver performed weaker than gold today, with a gap down right at market open. International silver prices fell from above $80, touching lows near $77, with modest rebounds in the evening and oscillation in the $78-80 range. Shanghai silver fell in sync, with clear bearish dominance throughout the day.

First, the Federal Reserve will hold an interest rate decision meeting this week, and the market believes rate cuts will be delayed. The US dollar and Treasury yields are strengthening, putting heavy pressure on silver. Second, prices rose too much in the prior period, funds are taking profits and exiting, with no positive support, resulting in sharper declines.

The daily chart shows a large bearish candle, breaking short-term moving averages, with bears in control. The 4-hour chart follows a descending channel with weak rebounds. Key levels are clear: $80-82 is resistance above, $77-78 is strong support below. Indicators are oversold with rebound demand, but it's difficult to reverse the weakness.

This evening will likely oscillate in the $77-82 range; avoid chasing orders. If holding above $77, light long positions are viable with targets near $79-82 with strict stop losses. Wait for the Federal Reserve meeting conclusion before determining the major direction. For now it's just low-level consolidation; watching more and trading less is safer.

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