Overview
- Prices fell to roughly $67–$69 on Mar. 21, extending a two‑day slide that included a $10.84 single‑session drop on Mar. 19 and leaving the metal down about 43% from its Jan. 29 peak near $121.
- The Federal Reserve kept rates at 3.5%–3.75% on Mar. 18 with guidance for only one cut in 2026, and dollar strength continued to weigh on non‑yielding metals.
- About 60% of silver demand comes from industry, and reports of manufacturers pausing purchases and rising energy costs have widened silver’s underperformance versus gold.
- Coverage cites potential helium shortages after reported damage at Qatar’s Ras Laffan complex, threatening chip‑fab output and related silver packaging demand.
- Technical gauges show extreme oversold conditions, and analysts say a relief rebound toward $73–$80 is possible, though slipping key supports could point to further downside.