March 6, 2026 Spot Silver Morning Analysis

Yesterday during the US session, spot silver experienced a sharp decline. It was still volatile during the day, but in the evening, it plunged directly, touching a low near 80.4, and closed around 82.5, erasing many of the previous gains. Overall, the trend is clearly weakening.

US economic data was relatively strong, and expectations for Fed rate cuts cooled down. The dollar and US Treasury yields rose, increasing the cost of holding silver, leading to capital outflows. Additionally, after a significant rally earlier, a large amount of profit-taking was concentrated on selling. Under these dual pressures, silver dropped rapidly with little resistance.

In the short term, bears are favored. The 4-hour chart shows moving averages trending downward, MACD forming a death cross, and a clear downward signal. Key support is around 82; if broken, it could head toward 81 or even lower. Resistance to a rebound is at 84; only a break above 84 would indicate a short-term stabilization.

Today’s strategy: Don’t blindly chase the bottom, observe more and act less. If the price retraces to the 80-82 range, consider light long positions with targets around 83-85. Be sure to set stop-losses and manage risk.
The above is only personal advice for reference, not investment advice. Please follow Cheng Jingsheng’s layout for specific guidance!!$XAG ‌#XAG