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Posted 03/13/2026 3:24 pm
Losing $81.00 earlier was a bad sign, from a technical perspective Silver is in the Jaws of Death at the moment with what appears to be overhead resistance.
If Silver can't break back up above to at least $84 before the close, giving itself a buffer zone, then it's going to be relatively easy to sink it below crucial support levels $79-$77 in the after market hours. And given the current market conditions with both Oil and the Dollar raging to higher levels this is a high probability.
Silver chopped between roughly $81 to $88 for two weeks, and unable to break out and up above $91 to the next support level. It's fair to say the buyers are exhausted here and the sellers are in control. It's normal for the market to attempt to find new price discovery, a zone where more buyers will step, an area of higher liquidity.
This spells out the next leg down. But unless there's some more selling before the close we may have to wait until next week to see if it doesn't turn around.
If Silver can't break back up above to at least $84 before the close, giving itself a buffer zone, then it's going to be relatively easy to sink it below crucial support levels $79-$77 in the after market hours. And given the current market conditions with both Oil and the Dollar raging to higher levels this is a high probability.
Silver chopped between roughly $81 to $88 for two weeks, and unable to break out and up above $91 to the next support level. It's fair to say the buyers are exhausted here and the sellers are in control. It's normal for the market to attempt to find new price discovery, a zone where more buyers will step, an area of higher liquidity.
This spells out the next leg down. But unless there's some more selling before the close we may have to wait until next week to see if it doesn't turn around.
