Silver Price Prediction for Next Week (12th October- 16th October 2026)
| Support 2 | Support 1 | CMP | Resistance 1 | Resistance 2 |
|---|---|---|---|---|
| 212,600 | 219,899 | 225,820 | 230,200 | 236,500 |
COMEX Silver prices steadied over the week and closed the week at 60$ amid firm headwinds from a resilient US dollar hovering near 102.30 and US 10-year Treasury yields reaching multi-decade highs near 5.324%, driven by Middle East energy inflation risks and rising sovereign debt. Bullish sentiment was further constrained as CFTC data showed silver speculative net longs falling by 129 contracts to 7,608, while on India’s MCX, silver logged some gains following recommendations to end IGST import exemptions for banks, introducing a 3% levy. However, hawkish comments from St. Louis Fed President Alberto Musalem underscored persistent tightening risks, though On the monetary policy front, markets are pricing in roughly an 82% chance that the Federal Reserve will keep interest rates unchanged this month, while the probability of a rate hike in December stands at around 81%. Market focus remains anchored on Middle Eastern geopolitical tensions and high bond yields.
MCX Silver prices witnessed a sharp decline during the week, followed by a recovery from the support zone, with a weekly low of 219801 and a close at 225820 below the 20-50-100-200 DEMA placed at 230104, 234748, 236483 and 239521, respectively. From an indicator perspective, the RSI stands at 42.21, above its moving average at 41.63, indicating a mild improvement in momentum following the recent recovery. Open interest increased at 16860 lots, although the latest recovery suggests potential short-term buying interest. Meanwhile, the Gold/Silver ratio (mint ratio) is hovering around 69:1, reflecting silver’s relative underperformance against gold.
We may expect a recovery from the support zone, with traders advised to watch for a decisive breakout and sustained move above previous highs to confirm further bullish momentum.
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Prediction given by Technical Research Team - Choice.
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11 October 2026
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