March 30, 2026 Spot Silver Morning Analysis

Last week, silver first declined then rose, with overall volatility. At the beginning of the week, influenced by hawkish Federal Reserve comments, silver prices plunged, dropping to around $67.7; later in the week, the market digested the negative news, combined with a weakening dollar, leading to a rebound in silver prices, closing around $69 on Friday. The week saw a slight net gain, indicating a bottoming and rebound trend. Volatility was high, with fierce battles between bulls and bears.

Today’s focus remains on the Fed’s rate cut expectations. The market is waiting for U.S. PCE data; if the data is hawkish, silver prices are likely to face pressure, while dovish signals could support a rebound. Middle Eastern geopolitical conflicts provide some safe-haven support, but the impact is moderate. Additionally, stable industrial demand for silver, especially in photovoltaics and new energy vehicles, provides a floor for prices, making a sharp decline unlikely in the short term.

Currently, silver is fluctuating around $69. Short-term support is seen in the $66.5–67 range; a break below could lead to further declines. Resistance is at the $70–72 range; if broken, it may trigger a quick rally followed by a pullback. Daily indicators are neutral, with a high probability of short-term consolidation, making a one-sided trend unlikely.

Trading suggestions: In the early session, if prices rise to around $70–70.5, consider light short positions with a stop loss above $71.5, targeting $68–67.5. If prices pull back and stabilize around $67–67.5, consider light long positions with a stop loss below $66.5, targeting $69–69.5. Strictly set stop losses and control position sizes.

The above is only personal advice for reference; it does not constitute investment advice. Please follow the layout of Cheng Jingsheng and Shipan for specific strategies! $XAG ‌#XAG