SILVER

SILVER Weekly Special Report based on 1.00 Lot Calculation:

GEOPOLITICS: MIDDLE EAST WAR CONTINUES TO ESCALATE

• MIDDLE EAST WAR ENTERS ITS THIRD WEEK. The conflict between the U.S. and Iran has intensified, with sustained airstrikes on Iranian military targets and continued missile and drone attacks by Iran on U.S. bases and allied infrastructure across the Gulf. Iran has refused ceasefire negotiations while the U.S. continues large-scale military operations. According to U.S. officials, the conflict could continue for weeks as military pressure increases.
• BREAKING (MARCH 13): LARGE‑SCALE U.S. PRECISION STRIKE ON KHARG ISLAND. On Friday, March 13, 2026, the United States military conducted a large‑scale precision airstrike on Kharg Island, Iran’s primary oil export hub, targeting more than 90 Iranian military sites including naval mine storage and missile bunkers.

EVENTS

• WEDNESDAY, MARCH 18 AT 18:00 GMT: U.S. FEDERAL RESERVE INTEREST RATE DECISION. The bank is expected to keep rates unchanged at 3.75%. The bank is also expected to address the U.S.–Iran war’s impact on its monetary policy going forward. The Fed is expected to release updated economic forecasts for GDP growth, inflation, unemployment, and the interest rate path for 2026, 2027, and 2028, which could drive volatility across financial markets, including silver.
• WEDNESDAY, MARCH 18 AT 12:30 GMT: PRODUCER PRICE INDEX (PPI) (FEBRUARY). The Producer Price Index (PPI) for February will be released, showing changes in wholesale prices and inflationary pressures before they reach consumers.

SILVER MARKET: HIGHER DEMAND AMID SUPPLY SHORTAGES LEADS TO A WIDENING DEFICIT

• MARKET DEFICIT: SILVER MARKET REMAINS IN DEFICIT SINCE AT LEAST 2016. The silver market faced a deficit of around 300 million ounces in 2025, according to recent reports from The Silver Institute. While the market has been in deficit since 2016, the gap has grown significantly since 2022.
• SUPPLY CONSTRAINTS: SILVER PRODUCTION REMAINS AROUND 800 MILLION OUNCES PER YEAR. Annual production has held near 800 million ounces, remaining largely unchanged since 2016. There is no clear indication that output will be meaningfully higher in 2026 or the following years.
• DEMAND REMAINS STRONG: SOLAR PANELS, ELECTRIC VEHICLES, AND A.I. INFRASTRUCTURE. Silver demand is expected to increase during 2026 and beyond due to rising demand from solar production, electric vehicles, and rapidly expanding A.I. data center infrastructure.

PRICE ACTION

• SILVER PRICE HIT A NEW ALL-TIME HIGH ON JANUARY 29, 2026 ($121.499). Silver currently trades around $79, and if undergoes a full recovery to its previous all-time high, it could see an upside of around $34%. However, the price could also decline.
• ANALYSTS’ OPINION: Citigroup forecasts $150.

TECHNICAL ANALYSIS

• LONG-TERM TREND IS UP. The overall trend of silver is upward (black trendline), with the trend accelerating since late August 2025. Silver rose by around 146% in 2025 and has increased by about 14% so far this year. However, it could also decline.
• SUPPORT AREA: $70 - $75. After the most recent downward price correction in early February, silver prices tested the $70–$75 support zone, which has so far held as a major support area.

GRAPH (Daily): August 2025 – March 2026

Please note that past performance does not guarantee future results

SILVER, March 16, 2026
Current Price: 79

Example of calculation base on weekly trend direction for 1.00 Lot¹

1. 1.00 lot is equivalent of 10,000 units
2. Calculations for exchange rate used as of 13:00 (GMT) 16/03/2026

There is a possibility to use Stop-Loss and Take-Profit.

• You may wish to consider closing your position in profit, even if it is lower than suggested one.
• Trailing stop technique could protect the profit.