Silver Price Prediction for Next Week

Silver Price Prediction for Next Week (2nd - 6th February 2026)

Weekly silver prices experienced a volatile correction, dropping 12% to settle at 291,925. This decline was punctuated by a historic single-day sell-off where prices plummeted 27%, snapping a parabolic record rally. The sharp retreat was primarily driven by aggressive profit-taking and a “liquidity wipeout” following a peak where silver briefly neared the 400,000 mark. Despite this correction, silver remains supported by a complex mix of fundamental and geopolitical drivers. Prices are underpinned by long-term economic uncertainty, a weaker US dollar, and exceptionally tight physical markets resulting from record investment inflows and soaring industrial demand in the green-tech sector. Geopolitical tensions surged after President Trump signed an executive order targeting Cuban oil suppliers, impacting trade relations with Mexico. Furthermore, risks in the Middle East intensified as Trump pressured Iran for nuclear talks, met by Tehran’s warnings of retaliation. Locally, market speculation ended with the nomination of Kevin Warsh as the next Fed Chair, signaling a potential shift in US monetary policy.

Along with Gold, we have experienced sharp fall in Silver price in past week, end of euphoric momentum in metal where after making an ATH of 420,048, price has fallen by nearly -31% and managed to settle on a negative note at 291,925. On Friday, price has touched the Lower circuit of 27% which was never been experienced by Bullion traders. Price has formed a Spinning top daily candle at the peak of the momentum like Gold. Price has just settled below 20-DEMA level placed at 304,464. Here, price has also declined to 38% of Fib. Retracement level placed at 292,938 and next would be at 50% which is placed at 253,468. Next immediate support would be at 50-DEMA level which is placed at 252,236 and breakout of this level will accelerate downside momentum in Silver price. Looking at OI levels, we can observe continues fall in OI to 8190 lots since December last year. RSI levels fallen to 50 levels and we can also observe a convergence on Daily MACD along side declining positive histogram.

We are expecting Moderately bearish trend in Silver price and traders may look for the Sell-on-rise opportunity.

Open a FREE Demat Account in 5 Mins.

• Free AMC for First Year
• Low DP Charges (₹ 10)
• No Auto Square Off Charges
• Free Research Calls
• Open Now
  
  

Gold Price Forecast for Next Week: Get the latest prediction for gold prices to guide better investment decisions.

Natural Gas Price Prediction for Next Week: Explore the anticipated price range for natural gas in the upcoming week.

Copper Price Forecast for Next Week: Stay informed with next week's forecast for copper prices to track market trends effectively.

Crude Oil Price Forecast for Next Week: Prepare for the upcoming week with valuable insights into crude oil price movements.

Also, get a daily update for currency on commodity market predictions daily

Prediction given by Technical Research Team - Choice.