Silver Spot ($US/oz)

Precious metals have made plenty of headlines in 2026 but ironically here we are in mid-March and silver is only marginally higher year-to-date, trading more than 35% below its panic January high. The silver market is fascinating here; fundamentals look good, but the market’s long, and from bad levels in many cases. The ideal technical set-up would be a washout spike down towards $US60 before reversing higher, generating an excellent risk/reward buying opportunity in the process.

• We wouldn’t be surprised to see silver make new lows for 2026 with the market still long the sector – more on this later.