March 10, 2026 Spot Silver Midday Analysis

This morning, silver opened higher and continued to fluctuate upward, with international silver prices rising from around 86 to above 89, nearly a 2.4% increase intraday. Domestic Silver T+D and Shanghai Silver futures also surged, with the overall trend aligning perfectly with our early morning bullish outlook. The price stabilized and rebounded around the $86 support level, reaching near 89 by midday, showing strong bullish momentum.

The Middle East is still experiencing conflicts, and safe-haven funds are flowing into precious metals, benefiting silver. Meanwhile, everyone is waiting for the Federal Reserve's CPI data, with expectations that a rate cut will weaken the dollar, and since silver is dollar-denominated, it naturally rises. Additionally, industrial demand from sectors like photovoltaics remains strong, inventories are tight, and supply-demand gaps are supporting silver prices.

The daily chart closed with a large bullish candlestick, stabilizing above short-term moving averages, and the MACD has formed a golden cross, indicating a clear bullish signal. Currently, there is resistance around 89, with strong resistance in the 88-90 range above. A breakout could lead to further gains. Support is first seen at $86; if the price pulls back and holds without breaking below, the bulls can continue to exert strength.

Silver is currently oscillating with a bullish bias. In trading, avoid chasing highs; a pullback to the 86-87 range that stabilizes can be a good opportunity for light long positions, targeting the 88-90 range. If it breaks above 90, look for further upside potential. Remember to set stop-losses, control your position size, and trade cautiously for safety.

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