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 lows around 80.4. It closed near 82.5, erasing many of the previous gains, showing a clear overall weakening trend.

US economic data was relatively strong, reducing expectations of Federal Reserve rate cuts. 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, and under double pressure, silver dropped rapidly with little resistance.

In the short term, bears are favored. The 4-hour chart shows moving averages trending downward, and the MACD has a death cross, indicating a clear downward signal. The key support is around 82; if broken, it could fall toward 81 or even lower. Resistance to a rebound is at 84; only if it surpasses 84 can a short-term stabilization be confirmed.

Today’s strategy: Don’t blindly chase the bottom. Watch more, act less. If the price retraces to the 80-82 range, consider adding light long positions targeting around 83-85. Be sure to set stop-losses and manage risk.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng’s layout for specific actions!!$XAG ‌#XAG