Silver Spot Market Analysis - March 13, 2026 Morning

The spot silver market remained relatively stable during the day, but the US trading session saw a sharp pullback with prices dropping quickly, showing much larger volatility than gold. The main reasons are that silver surged too much in the previous period, with concentrated profit-taking by funds exiting positions, combined with a slight strengthening of the US dollar. Under this dual pressure, silver prices plummeted, and domestic SHFE silver and silver T+D contracts followed suit with synchronized declines, showing overall weakness.

US inflation data showed resilience, leading the market to believe the Federal Reserve will delay rate cuts. The US dollar rebounded, which is bearish for silver. The Middle East situation did not escalate, reducing safe-haven buying. Additionally, profit-taking by previous long positions exited, all contributing to the sharp decline in the US session. There was no sudden negative catalyst—just a pullback after the rally plus fund withdrawal.

On the daily chart, there is a correction with short-term bulls cooling off, and prices have broken through short-term support levels. Current key levels: The 83-84 zone below is strong support that's unlikely to break sharply; the 86-87 zone above has resistance where rebounds easily get blocked. Short-term trading is oscillating weakness with range-bound movement as the main pattern—no one-sided sharp rallies or crashes.

This morning's strategy: Silver consolidates at low levels for stability, first watch the 84-85 zone for consolidation. Operationally, don't chase shorts, don't blindly bottom-fish, light long positions near support levels, high shorts near resistance, and adjust along the trend after breakouts occur. Overall this is a corrective recovery pattern after a pullback—just take it steady.

The above are personal suggestions for reference only and do not constitute investment basis. Please follow Cheng Jingsheng's Shi Pan layout for specifics!!! #XAG $XAG