Silver Price Prediction for Next Week

Silver Price Prediction for Next Week (22nd - 26th June 2026)

COMEX Silver prices fell around 1.4% over the week as a stronger US dollar and expectations of higher-for-longer US interest rates weakened demand for non-yielding precious metals. The dollar hit a one-year high after the Federal Reserve kept rates unchanged but adopted a hawkish tone. Geopolitical uncertainty also persisted after planned US-Iran talks were postponed. Meanwhile, India's silver imports also dropped sharply in May. Silver inventories at major trading hubs have declined sharply from pandemic-era peaks, reflecting a sustained drawdown in visible stocks.

MCX Silver prices witnessed sharp selling pressure over the week, declining around -8% and touching a low of 228162 before closing the week at 232736. Prices are trading below the key short-term moving averages 20-50-100 DEMA placed at 251,261, 252,690 and 256,095 respectively, while managing to hold above the crucial 200 DEMA support placed at 231,610, indicating that the broader long-term structure remains intact despite near-term weakness. Open Interest (OI) remained relatively stable around 10,690 lots, indicating a consolidation phase after the recent decline rather than aggressive fresh short build-up. Momentum indicators remain weak, with RSI hovering near 35.17 below its average of 41.34, suggesting bearish momentum and a lack of strong buying interest at current levels.The Gold/Silver ratio (also known as the Mint Ratio) is currently hovering around 64:1. A sustained breakout above 65.90 may lead the ratio towards the 67.20 zone, indicating relative underperformance of silver compared with gold.

Overall, MCX Silver remains in a moderately bearish trend in the short term. However, the strong support around the 200 DEMA zone near 231,610 may restrict further downside. Traders should remain cautious and watch for sustained price action above short-term resistance levels before expecting a meaningful recovery.

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Prediction given by Technical Research Team - Choice.