Gold and silver prices declined on global markets on March 16, 2026.

Silver surged above $90 an ounce for the first time, while gold edged close to a record high, as criticism of the Federal Reserve, expectations of additional U.S. rate cuts, and a tense geopolitical environment fueled a strong rally in precious metals.

Silver surged to its highest level since 2011, driven by rising premiums in the US and signs of tightening in the spot market in London.

Silver (SI=F) surged to the highest in 13 years, powered by a technical breakout, as investors broaden demand for the safety of precious metals beyond gold.

The global silver market is experiencing significant stress as trade-war fears unsettle investors, with key indicators flashing warning signs.

The silver market continues to see a lot of buying pressure, as the markets are trying to get to the recent highs again, News.Az reports citing FXEMPIRE .

Experts predict significant fluctuations in silver prices in the coming years, driven by global economic factors. In August 2024, the price of silver is expected to decrease to $28.53 per ounce, with a further decline to $27.90 possible by September. Early 2025 may see a short-term increase, with prices surpassing $30 per ounce; however, they are likely to drop back to $28 by the end of the year, News.Az reports citing Agency for Economic Forecasting.