{"id":31278,"date":"2026-03-21T03:58:29","date_gmt":"2026-03-21T03:58:29","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/31278\/"},"modified":"2026-03-21T03:58:29","modified_gmt":"2026-03-21T03:58:29","slug":"xag-usd-silver-slid-6-8-trading-at-67-89-heading-for-weekly-losses-exceeding-15-7","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/31278\/","title":{"rendered":"XAG\/USD silver slid 6.8%, trading at $67.89, heading for weekly losses exceeding 15.7%"},"content":{"rendered":"Silver (XAG\/USD) fell by over 6.80% in late North American trading and was trading at $67.89. It was set to end the week down more than 15.70%, its second-largest weekly fall since the week that finished down 17.39% on 30 January.\n\nThe price turned bearish this week after dropping below the 100-day simple moving average (SMA) at $72.55. It then fell under $70.00 and moved towards a six-week low of $65.52.\n\n

Broader Uptrend Still Intact<\/h3>\nThe broader uptrend is still in place while the price stays above the 6 February swing low of $64.10. The medium-term pattern remains a run of higher lows and higher highs.\n\nMomentum measures point lower, with the Relative Strength Index (RSI) dropping below neutral and moving towards oversold conditions. A fall below 30 and a quick move back above it may support a base if the RSI then makes higher peaks and troughs.\n\nFor a rebound, XAG\/USD would need to regain $70.00 and the 100-day SMA. Above those levels, the next resistance is $77.98, described as the cycle low-turned-resistance and the 3 March daily low.\n\nWe remember the sharp silver plunge in 2025 when prices broke below $70, and we see a similar setup forming now as XAG\/USD is currently trading at $68.50. Recent data shows a slight slowdown in industrial demand from China, with their latest manufacturing PMI dipping to 49.8, creating short-term headwinds. This echoes the sentiment from last year when the price fell towards its six-week low.\n\n

Options And Strategy Considerations<\/h3>\nGiven the current momentum, we should consider buying put options with strike prices around $65 to hedge against a potential re-test of the major support level identified last year at $64.10. Implied volatility has ticked up to 32%, suggesting the market is pricing in larger price swings in the coming weeks. This makes protective puts a prudent, if more expensive, strategy.\n\nHowever, the memory of 2025’s medium-term uptrend remaining intact suggests this dip could be a buying opportunity for those with a longer view. As the price approaches the mid-$60s, selling cash-secured puts or establishing bull put spreads below the $64 level could allow us to collect premium while setting a favorable entry point. Historically, silver has often found strong support after sharp sell-offs, such as the bounce seen in the spring of 2023 after a similar steep decline.\n\nThe Relative Strength Index is again dipping towards oversold territory, currently sitting at 34, which is a condition that preceded a bottom in 2025. With key inflation data due out in the first week of April, we could see a significant price move, making a long straddle strategy attractive for capturing that volatility. This would involve buying both a call and a put option with the same strike price and expiration date.\n\nFor a bullish reversal, our trigger remains a decisive move back above the $70 psychological level. If that occurs, we will look to close bearish positions and consider buying call options targeting the old resistance around $78. A break above the current 100-day simple moving average, now at $71.80, would serve as a secondary confirmation for this bullish stance.\n\nCreate your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b>\n

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Start trading now – Click here<\/a> to create your real VT Markets account <\/strong> <\/p>\r\n","protected":false},"excerpt":{"rendered":"

Silver slumped 6.8% to $67.89, suffering a 15.7% weekly drop as momentum turned bearish.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-31278","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/31278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=31278"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/31278\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=31278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=31278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=31278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}