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Silver futures fell as technical patterns and rebalancing weighed on prices
March Silver futures declined for a second consecutive session as a potential double top pattern emerged. While the pattern remains unconfirmed without a close below 31,120, the market is also navigating downward pressure from annual index rebalancing. This rules-based selling by passive funds follows a significant rally in the previous year. Despite short-term volatility, the long-term outlook remains focused on scarcity driven by rising industrial demand in AI, quantum computing, and electricity, which analysts expect to be a major theme throughout 2026.
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