

Silver has recently eased roughly 13.5%, slipping from over $54 to just below $47 an ounce. While this pullback should have considered as market fatigue, we can call it a healthy bull-market digestion—a brief pause preceding the next explosive surge. This isn’t the end of the move but it’s the reset before the next acceleration.
Like Gold, Comex Silver has traded back & forth over the course of the week, settled on a negative note at $$48.32 / ounce in past week, having a minor fall of -0.68%. In past week, price has found support over $46.88. Looking at MCX Silver December contract, we can observe that Silver price has traded in a tight range between 144,000 to 148,000 in past week, hovered around 20-DEMA level placed at 147,437. Here, price is still above its all key moving averages i.e 50, 100 and 200-DEMA levels placed at 140514, 129806 and 117240 respectively. Daily SAR is also placed at 139,501. Immediate resistance would be at 150,500 and breakout of this level will increased volumes will accelerate upward momentum in Silver price in upcoming sessions. Looking at momentum indicators, RSI levels remains over 50 level on Daily chart. Also, we can observe a convergence on MACD along side declining negative histograms.
The Gold–Silver Ratio which is also known as Mint ratio, has continued to decline after recent pullback and settled at 82.80. This continuation in Fall is favorable for Silver price in upcoming sessions.
Overall, the trend in Silver remains sideways to bullish, with expectations of continued stabilization and potential upside in the near term. Traders should look for buy-on-dips opportunities while monitoring volatility and momentum indicators for sustained strength.
| Support 2 | Support 1 | CMP | Resistance 1 | Resistance 2 |
|---|---|---|---|---|
| 140,514 | 144,091 | 147,789 | 150,500 | 155,000 |
Gold Price Forecast for Next Week: Get the latest prediction for gold prices to guide better investment decisions.
Natural Gas Price Prediction for Next Week: Explore the anticipated price range for natural gas in the upcoming week.
Copper Price Forecast for Next Week: Stay informed with next week's forecast for copper prices to track market trends effectively.
Crude Oil Price Forecast for Next Week: Prepare for the upcoming week with valuable insights into crude oil price movements.
Also, get a daily update for currency on commodity market predictions daily
Prediction given by Technical Research Team - Choice.



