March 18, 2026 Spot Silver Midday Analysis

On March 17, silver showed overall weakness with oscillations and exploratory bottom recovery. International silver traded back and forth around 78-81 USD, while domestic silver prices fluctuated near 20,000 yuan/kg. After a morning plunge, afternoon saw modest rebound recovery with stable close. Bearish momentum weakened somewhat, but bulls showed no obvious counterattack, representing narrow-range consolidation with neither further decline nor substantial gains.

On the news front, the core issue remains the upcoming Federal Reserve policy meeting, with market concerns about hawkish rhetoric and a stronger dollar suppressing silver. With no major data releases, market sentiment is cautious with profit-taking from earlier positions and lacking safe-haven demand. Short-term focus is on the dollar and meeting expectations; without unexpected events, significant directional movement is unlikely.

Midday spot silver oscillates in the 78.8-80 range with key support at 78.5 USD and resistance at 80.5-81 USD. Domestic silver support at 19,700 yuan/kg with resistance at 20,100 yuan/kg. Moving averages show bearish arrangement, MACD green bars narrowing with slowing downtrend; KDJ is bouncing from oversold territory with minor rebound potential, though avoid chasing highs.

Afternoon consolidation continues at lower levels; first watch the 78.5-80.5 range. If 78.5 holds, light long positions targeting 80-82 range nearby with strict stop-losses, awaiting evening and tomorrow's meeting signals.

Above is personal suggestion for reference only, not investment basis. Please refer to Cheng Jingsheng Shi Pan's layout for specifics! #XAG $XAG