Silver Price Prediction for Next Week

Silver Price Prediction for Next Week (6th July - 10th July 2026)

Weekly COMEX silver prices closed at 62.37, gaining more than 2% as investors trimmed expectations of a near-term Federal Reserve rate hike after weaker-than-expected US jobs data and Fed Chair Kevin Warsh declined to confirm a hawkish tone in his first press conference. A weaker US dollar, heading for its biggest weekly fall since April, also supported prices. On the demand side, solar photovoltaic silver use is projected to fall 19% in 2026, from 186.6 million ounces to about 151 million ounces, the largest annual drop on record. However, physical investment demand is expected to rise 20% to 227 million ounces, while US retail demand may rebound 57%. Meanwhile, Indian bullion ETFs gained 2-3% in Friday session. As of July 1, global silver ETF holdings stood at 782.97 million ounces, down 80 million ounces YTD, while COMEX and Shanghai inventories continued to recover from earlier lows.

Silver futures have broken the hurdle of the bearish trendline in past week, continued to rebound as price has sustained over the 200-DEMA level placed at 223,042. Price has rebounded from the support low of 210,043. This price recovery has been supported by the sustained Ol levels around 11,430 lots in August expiry. Key resistance would be at 50-DEMA level placed at 245,531 and breakout of this level will boost the upward momentum in Silver price in upcoming sessions. Here, RSI levels has rebounded from dips and trailing around 45-50 on Daily as well as Weekly timeframes. Also, we can observe a bullish crossover on Daily MACD below zero-line along side emergence of positive histogram, collectively suggesting bullish bias in Silver. Gold/ Silver ratio which is also known as Mint ratio, has made a correction from its recent peak of 70, settled below 67:1, suggesting outperformance of Silver compared to Gold and it is favorable for Silver price.

We are expecting Moderately bullish trend in Silver and traders should look for the breakout of immediate resistance level for the long opportunity.

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Prediction given by Technical Research Team - Choice.