Silver Price Prediction for Next Week

Silver Price Prediction for Next Week (15th - 19th June 2026)

COMEX Silver closed the week near $68 per ounce amid mixed market sentiment. Prices faced pressure after U.S. President Donald Trump stated that a potential agreement with Iran could be reached soon, easing geopolitical concerns. Inflation expectations moderated, with the University of Michigan's U.S. one-year inflation outlook easing to 4.6% in June from 4.8% in May, while the five- year outlook fell to 3.4% from 3.9%. Despite recent long liquidation and economic uncertainty, silver remains fundamentally supported by strong industrial demand. China's silver demand reached an eight-year high, while the market is projected to record a sixth consecutive supply deficit in 2026.

Like Gold, Silver price has continued its downside momentum for the 3rd consecutive week where price has found the support low at 230,493 and rebounded marginally towards the weekend, still closed on a negative note at 246,604. Here, price has posted marginal weekly decline of -1.30%. On the Weekly chart, price has formed a Hammer candle at the end of bearish momentum, making an early sign of Bullish reversal in Silver price. Here, price has been settled below 50 and 100-DEMA levels placed at 256,774 and 248,517, respectively. These are the key resistance levels to look for. On the other side, key support would be at 200-DEMA level placed at 221,502. Daily SAR is placed at 263,663. The momentum indicator, RSI levels have rebounded from the dips and trailed towards 50 level on major timeframes. Also, on 4-hour MACD, we can observe a bullish crossover below zero-line with the emergence of positive histograms. Gold/Silver ratio has been declined marginally from the peak of 65.82 to 61.92 towards the weekend, indicating a positive bias for Silver.

We are expecting Moderately bearish trend in Silver and if price manages to break through the resistance level, we may expect further upside momentum in upcoming week.

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Prediction given by Technical Research Team - Choice.