Silver Price Prediction for Next Week

Silver Price Prediction for Next Week (3rd Aug - 7th Aug 2026)

Silver$ prices declined around 2% during the week to near $57.5/oz, pressured by a stronger US dollar and rising expectations of tighter Federal Reserve policy, despite softer US inflation data and unchanged interest rates. Markets currently price in a 65% probability of a September Fed rate hike, while US 10-year Treasury yields climbed back to 2025 highs, weighing on precious metals. Geopolitical tensions remained elevated as renewed US-Iran hostilities, drone attacks on Saudi Arabia and Egypt's Damietta port, and potential strikes on Iranian energy infrastructure supported safe-haven demand but failed to offset macroeconomic pressure. Meanwhile, global silver ETF holdings rose to 787 million ounces, while registered COMEX inventories fell to their lowest level since October 2025, highlighting tightening physical supplies despite elevated Shanghai warehouse stocks.

MCX Silver prices continued to trade in a sideways to bearish momentum, with the crucial support zone remaining intact throughout the week. The weekly closing at 217488, trading below all key moving averages, with the 20-50-100-200 DEMA placed at 222650, 230675, 233145, and 240235 respectively, reflecting sustained weakness in the broader trend. Open Interest (OI) increased at 12990 lots, indicating fresh participation while prices remained under pressure. RSI is placed at 42.22, marginally above its moving average at 41.75, suggesting bearish momentum is easing but a decisive reversal is yet to emerge. The Gold/Silver Ratio (Mint Ratio) is currently hovering around 70:1. A range breakdown below 68 could lead the ratio towards 66.20-64, which would eventually be supportive for Silver prices on the upside.

Overall, Silver remains in a moderately bearish trend. However, the strong support zone remains intact, and a sustainable reversal above the key moving averages would be required to regain bullish momentum in the near term.

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Prediction given by Technical Research Team - Choice.