XAG/USD Holds Amid Hawkish Fed

Author

David Pokima

Author

David Pokima

Part of the Team Since

Jun 2023

About Author

David is a finance journalist and a contributor to Cryptonews.com with a keen interest in breaking comprehensive, accurate, and reliable blockchain news.

Last updated:

March 23, 2026

Silver price (XAG/USD) has faced sharp liquidation pressure over the last 48 hours, capitulating to a hawkish Federal Reserve outlook that has strengthened the dollar, which resulted in Silver’s prediction to further falls.

Spot prices have retraced significantly from yesterday, currently trading around $68 after running above $95 just 2 weeks ago. This decline extends a volatile period where the metal fell from a weekly high of $74.58, marking a painful rejection for bulls hoping for a sustained rally above the psychological $70 mark.

🚨 MASSIVE CRASH IN METALS.
Gold has crashed -25% from its record high and dropped below $4200, hitting a 100-day low of $4,163.
Silver has crashed nearly -50% from its all-time high and hit a 3-month low of $61.
Together they have wiped out $13.5 trillion in the past 53 days,… pic.twitter.com/JBclFuGVLW
— Bull Theory (@BullTheoryio) March 23, 2026

The technical deterioration has been swift. According to recent data, XAG/USD has logged a near 10% decline over the last seven days, dropping from an open of of $72.86 on March 20.

Market participants are reacting to a combination of rising interest rate expectations and liquidation from leveraged accounts, with experts warning that while the long-term demand from solar and EV sectors remains, the short-term chart structure is unstable. Previous recovery attempts have failed to hold, leaving the metal vulnerable to further downside probing.

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Silver Price Prediction: Can The Metal Defend the $65 Support Level This Week?

Current price action suggests a critical test of support is underway. Trading at $68, Silver is hovering dangerously close to the $65 mark, a level analysts identify as the lower boundary of the current bullish channel.

With a 24-hour change of +2%, momentum indicators on the 2H charts are flashing neutral signals, following a breakdown from a three-week trend.

If the $65 floor gives way, technical selling could accelerate toward subsequent support zones at $63 and potentially as low as $50. Conversely, reclaiming stability would require a push back above resistance at $72, though widely cited analysis suggests valid accumulation zones may be lower (a grim “margin hike” scenario often precipitates such flushes) as seen in prior crashes.

Silver price prediction has faced sharp pressure, capitulating to a hawkish Federal Reserve outlook that has strengthened the dollar — Silver USD, TradingView

For now, the path of least resistance appears to be downside consolidation unless a catalyst invalidates the stronger dollar narrative.

Maxi Doge Targets Early Mover Upside as XAG Tests Key Levels

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As silver bulls nurse losses, volatility traders are eyeing the meme coin sector, where Maxi Doge ($MAXI) is positioning itself as a “Leverage King” alternative to traditional slow-movers.

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Priced at $0.000281, $MAXI offers a high 66% APY staking rewards and holder-only trading competitions, creating a “lift, trade, repeat” ecosystem. While traditional assets like silver face liquidity thinning due to risk-off sentiment, Maxi Doge utilizes a dedicated treasury to maintain momentum.

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