Silver (XAG) Price Prediction: What To Expect In March 2026

Group 1 - Silver price experienced a significant volatility in early 2026, reaching an all-time high of nearly $121 on January 29, followed by a sharp decline of approximately 47% to $63.85 by February 6, before recovering by 32% to around $84 by February 20 [1][2][4] - The XAG/USD daily chart indicates a developing cup pattern, with the price pullback and recovery approaching the neckline of this formation, suggesting potential bullish momentum [2][5] - A hidden bearish divergence is observed in the relative strength index (RSI), indicating that while the RSI shows strength, the price trend may favor consolidation before a decisive move [4][5] Group 2 - The Global X Silver Miners ETF (SIL) trading above $107 supports the bullish case, as it peaked at $119 on January 26, indicating that miners are leading the market recovery [6][7] - Mining companies' resilience suggests that the fundamental picture remains strong despite the earlier liquidation in January, typically signaling a higher price movement in the future [7] - The divergence between the strength in the physical silver market and the hesitancy in the futures market highlights the current dynamics in the silver landscape [7]