Silver Price Prediction for Next Week

Silver Price Prediction for Next Week (17th - 21st November 2025)

COMEX Silver extended its gains after a strong weekly rally, rising +12% and registering a three-week high at $5439/ounce. A mid-week round of profit-booking trimmed some of the upside, yet prices managed to close the week at $5058, holding firmly above key moving averages. The broader structure continues to remain constructive, with immediate support seen between $4960–$4555. Despite intraday volatility, the weekly momentum profile stays positive, indicating that buyers are likely to defend lower levels, and the trend is expected to remain firm on dips.

MCX Silver surged sharply during the week, posting gains of +16,000 points and marking a high of 165,810 before encountering a sharp mid-week decline of nearly –7% during Thursday and Friday sessions. This corrective move has initiated the early formation of a potential double-top pattern, which calls for cautious positioning if prices fail to reclaim the upper range. The December contract, however, closed the week at 156,081, comfortably above the 20-50-100-200 DEMA levels placed at 151,590, 143,850, 133,280 and 125,550 respectively, reflecting sustained underlying strength. Open Interest (OI) declined by ~7,000 lots over the week, indicating long unwinding and short-term profit booking rather than aggressive fresh shorts. Daily indicators reveal continued positive momentum; the RSI stands at 58.04 after cooling from overbought territory, while MACD remains in positive crossover despite a reduction in histogram bars, signaling steady bullish undertones.

The Gold–Silver Ratio (Mint Ratio) declined by ~6.17% over the week, marking a low at 7767 and continuing to trade above immediate support zones at 7690–7562. The ongoing weakness in the ratio highlights silver’s relative outperformance versus gold and reinforces the broader bullish sentiment in silver.

Overall, Silver maintains a positive outlook with prices holding near crucial support zones, suggesting that dips may continue to attract buying interest. Traders should look for buy-on-dips opportunities while closely monitoring volatility and momentum indicators to ensure sustained strength within the prevailing trend structure.

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Prediction given by Technical Research Team - Choice.