Silver Spot Market Analysis - March 13, 2026 Morning

Spot silver remained relatively stable during the day, but the US session saw a sharp pullback with prices declining rapidly, showing much larger volatility than gold. The main reason is the overbought conditions from earlier gains, with funds concentrated on profit-taking exits, combined with modest US dollar strength creating dual pressure that sent silver prices plummeting. Domestic Shanghai silver and Silver T+D synchronously followed the decline, with overall weakness clearly evident.

US inflation data showed resilience, with the market believing Fed rate cuts will be delayed, causing a US dollar rebound that weighs negatively on silver. The Middle East situation did not escalate, reducing safe-haven buying interest, plus long positions taking profits earlier, all contributing to the sharp US session decline. There were no sudden negative catalysts—just normal pullback from gains plus capital withdrawal.

Daily chart shows a pullback with short-term bullish momentum cooling and prices breaking below near-term support. Current key levels: The 83-84 zone below is strong support and unlikely to see direct sharp declines; the 86-87 zone above faces resistance where rebounds easily get blocked. Short-term trading will be range-bound with weak bias, not one-directional sharp moves.

Today's morning approach: Silver consolidating at lower levels, first watch the 84-85 zone for consolidation. Operationally, avoid chasing short positions or blindly buying dips, test light long positions near support levels, short positions near resistance levels, then follow the breakout trend accordingly. Overall this is a corrective recovery after the pullback—take it steady.

Above is personal analysis only for reference purposes and does not constitute investment basis. Please refer to Jing Jingsheng's Stone Plate layout for specifics!! #XAG $XAG