Silver Price Prediction for Next Week

Silver Price Prediction for Next Week (5th October- 09th October 2026)

COMEX Silver prices were largely steady on Friday but declined around 6% WoW, marking a second consecutive weekly loss, pressured by a stronger US dollar and elevated Treasury yields. Softer US labor-market data reduced expectations of an October Fed rate hike, with markets pricing less than a 15% chance of an increase, while December expectations remained above 70%. COMEX inventories rose by around 2.5 Moz during Sept. 18-25 to 332.6 Moz, while silver ETFs also declined in September. Fed officials Philip Jefferson and John Williams urged caution on further tightening. Meanwhile, rising oil prices and persistent Middle East tensions continued to fuel inflation concerns. Going ahead, silver may remain sensitive to Fed policy expectations, fiscal and debt concerns, geopolitical developments and economic data.

Silver price has continued to decline for 2nd consecutive week, declined by more than -3.75% in past week and closed on a bearish note at 225,545. In past couple of sessions, price has fallen below 200-DEMA level placed at 227,265, consolidating in tight range of 223,000 - 226,000; alongside its other key moving averages i.e. 50 and 100-DEMA levels placed at 235,912 and 234,478 respectively. In past four sessions, Ol level has been inclined from 14,690 lots to 16,580 lots, indicating overall Short buildup. RSI levels also declined below 50 level on Daily as well as Weekly chart. On monthly MACD, we can observe a bearish crossover above zero-line with emergence of negative histograms, collectively suggests bearish bias in Silver price. Key support would be at 215,448.

We are expecting Sideways-to-Bearish trend in Silver in the upcoming week and traders should look for Sell-on-rise opportunity.

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Prediction given by Technical Research Team - Choice.