Silver Price Prediction for Next Week

Silver Price Prediction for Next Week (04th - 8th May 2026)

Comex Silver prices climbed above $74 an ounce on Friday, rebounding from a one-month low of $71 earlier in the week, supported by easing bond yields and a softer U.S. dollar following reports of Japan's currency market intervention, along with easing oil prices that reduced bond yields and lowered the opportunity cost of holding non-interest-bearing assets like silver. Additional support came from strong long-term demand signals, particularly as robust earnings from U.S. AI hyperscalers boosted optimism around rising industrial demand for silver in Al infrastructure. However, persistent geopolitical tensions capped gains. Dim prospects for a US-Iran peace deal, continued naval blockades, and Iran's stance on the Strait of Hormuz have heightened energy supply risks and inflation concerns, reinforcing expectations of prolonged higher global interest rates.

After a fall of previous week, Silver price has rebounded marginally in this week and continued its upside momentum and settled at 251,000. Silver price has dipped in the beginning of the week, found its floor at 232,205. Here, price has continued to trade over its key moving averages i.e. 50, 100 and 200-DEMA levels placed at 246279, 236834 and 206857 respectively. On the other hand, Daily SAR is placed at 260,013 which will be crucial resistance to look for and breakout of this level will accelerate upside momentum in Silver price. Looking at Ol levels, we can observe a dip in Ol level to 7010 lots with recent price-rebound, suggesting weakness in upside move and we may expect correction as there is no Long buildups. RSI levels remained over 50 level on Daily and Weekly chart.

We are expecting Sideways-to-Bullish trend in Silver and traders may look for Buy-on-dips opportunity.

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Prediction given by Technical Research Team - Choice.