Source: tradersunion
By: Ezequiel Gomes
Date: March 16, 2026
Silver (XAG/USD) edged higher on Monday, March 16, trading near $80 after last week’s sharp drop, as a pullback in the dollar and a modest easing in Treasury yields helped the metal find some footing while oil stayed elevated.
Silver started the week in a narrower range after the previous three sessions knocked it down from the $89 to $90 area. Monday’s rebound was modest, but the move away from the intraday low near $77 suggested that selling pressure had at least slowed after Friday’s heavy break.
The first zone to watch now sits around $79 to $80, where price has started to stabilize. Below that, the session low near $77 remains the most important near-term floor. On the upside, silver would need to reclaim the $81.50 area and then push back toward $84 before the chart begins to look more constructive again.
Momentum still looks mixed rather than strong. The market has bounced from the low, but it is also trading well below last week’s highs, which leaves silver in a repair phase instead of a clean recovery.
Dollar relief meets oil anxiety
The broader macro picture stayed divided. The dollar slipped back after reaching recent highs, and the U.S. 10 year yield eased from last week’s upper levels, offering some breathing room for precious metals at the start of the new week.
At the same time, oil remained unusually firm. Brent traded around the $100 area even after giving back part of its latest surge, leaving markets alert to the risk that energy costs could keep inflation pressure alive and delay any meaningful shift toward easier policy.
That matters for silver because the metal is being pulled in two directions. It can benefit from hard-asset demand when inflation worries rise, but higher yields and a restrictive rate outlook can also limit upside when investors stay focused on carry and dollar strength.
What could come next
If silver holds above the upper $70 area and continues to build above $80, the market could work its way back into a steadier short-term range. A further retreat in the dollar or a calmer move in energy markets would make that path easier.
If the rebound stalls and price slips back through Monday’s low, traders may start looking for another test of the recent breakdown zone. That would leave silver vulnerable to a deeper cooling phase after one of the strongest early-year runs in the commodity complex.
Silver is still trading far above where it began the year, even after this week’s sharp pullback, which is why short-term volatility is likely to remain elevated. The current move matters because it will help determine whether the latest drop was a fast reset inside a larger uptrend or the start of a broader cooling phase.
