Silver Price Prediction for Next Week

Published Date: March 23, 2026
Updated Date: March 23, 2026
By Team Choice

Silver Price Prediction for Next Week (23rd - 27th March 2026)

Support 2	Support 1	CMP	Resistance 1	Resistance 2
195,477	210,000	227,470	240,000	256,356

Weekly MCX silver prices experienced a significant decline of approximately 12.27%, with Comex silver prices dropping to $69.5 per ounce, resulting in a roughly 16% drop over the week. This downturn was driven by escalating tensions in the Middle East, which led to increased energy prices and reduced expectations for immediate monetary easing, causing widespread selling in the precious metals market. Concurrently, Indian equities fell sharply, contributing to a risk-off sentiment among investors. The situation worsened following news of increased US military deployment in the region, leading traders to predict a 50% chance of a Federal Reserve rate hike by October and at least three rate increases from both the European Central Bank and the Bank of England by 2026. The US dollar gained strength as a "safe-haven" asset, increasing over 2% this month. Silver's decline marks its third consecutive week of losses following the US-Israel strikes on Iran, driven by rising US Treasury yields, a stronger dollar, and investor sell-offs to mitigate losses in other investments. Earlier in the week, the Fed, ECB, BoE, and Bank of Japan opted to keep interest rates steady while indicating a willingness to tighten policies further in response to persistent inflation, amid ongoing conflicts in the Persian Gulf and disrupted energy exports impacting market dynamics.

Like Gold, Silver price has posted decline for 3rd consecutive week, where price fallen by -12% in past week and closed on a bearish note at 227,470. Silver price has closed below its key moving averages i.e. 20, 50 and 100-DEMA levels placed at 256356, 255595 and 233429 respectively. Immediate support would be at 200-DEMA level placed at 195,477. On the other hand, crucial hurdle would be at Daily SAR value placed at 288,896. On 4-hourly chart, we can observe a Death crossover which is a crucial sign for a extension in a bearish momentum. Like Gold, RSI level remained below 50 level on Daily chart. Also, there is a bearish crossover on Weekly MACD above zero-line with negative histograms.

We are expecting Moderately Bearish trend in Silver price in upcoming week and traders may look for Sell-on-rise opportunity.