March 13, 2026 Spot Silver Morning Analysis

Spot silver was relatively stable during the day, but the US session saw a sharp pullback with prices declining rapidly—volatility is much greater than gold. The main reason is that it had risen too much in the previous period, with funds concentrated on profit-taking exits, combined with a slight strengthening of the US dollar, creating dual pressure that caused silver prices to plummet. Domestic Shanghai silver and Silver T+D followed suit with synchronized declines, showing clear overall weakness.

US inflation data showed resilience, leading the market to believe the Fed will delay rate cuts, causing the dollar to rebound—bearish for silver. The Middle East situation didn't escalate, reducing safe-haven buying interest, combined with previous longs taking profits and exiting, all contributing to the sharp decline in the US session. Without sudden negative catalysts, it's simply a pullback from the rally plus fund withdrawal.

Daily chart shows correction, short-term bulls losing momentum, and prices breaking below short-term support levels. Current key levels: 83-84 below is strong support and unlikely to break sharply; 86-87 above faces resistance with rebounds easily blocked. Short-term consolidation is weak-biased, moving mainly sideways in a range—no one-sided large rallies or crashes expected.

This morning's strategy: Silver consolidates at lower levels seeking stability, first watching the 84-85 range. Operationally, don't chase shorts or blindly catch falling knives. Try light long positions near support levels, go short near resistance levels, and follow through on breakouts. Overall this is a corrective recovery after the pullback—just take it steady.

The above is only personal advice for reference only and does not constitute investment basis. For specifics, please follow Chen Jingsheng Shi Pan's layout!! #XAG $XAG