South Korea Silver Price Update March 2026
As of Friday, March 20, 2026, the silver market in South Korea is experiencing significant volatility following the historic surge earlier this year. Prices have retreated from the January highs of $120+ USD but remain elevated compared to historical averages.
Current Silver Prices in South Korea (KRW)
Based on the latest market data for March 20, 2026:
Market Analysis & Trends
Recent Performance: Silver has seen a downward correction this week, dropping roughly 1.5% to 6% over the last few days depending on the exchange. This is part of a broader "cool down" following the retail-driven "silver rush" that dominated the start of 2026.
Currency Impact: The South Korean Won is currently trading near ₩1,498 per USD. The relative strength of the Dollar and a hawkish stance from the Federal Reserve have put downward pressure on precious metals globally.
Historical Context: Despite the recent dip, silver is still up over 115% year-over-year. Analysts from J.P. Morgan and other institutions expect prices to average around $81/oz for the remainder of 2026, suggesting the current price in the low $70s may be a consolidation phase before further movement.
Technical Summary
Current Spot: ~$71.73 USD / ₩104,624 KRW
24h Change: -1.46%
52-Week Range: $29.62 – $121.78