Gold Silver Weekly Forecast: Gold and silver prices in both international and domestic markets are currently trading near crucial levels, showing signs of stability. Investors are closely watching key support and resistance zones. According to market experts, the current phase reflects consolidation, with the possibility of continued upside if key levels hold, while a breakdown may trigger limited downside.
US Seizes Iranian Vessel, Tensions Rise
The United States military has reportedly intercepted an Iranian vessel attempting to breach a naval blockade, escalating tensions in the region.
Iran has strongly condemned the move, calling it “armed piracy” and warning of retaliation. The development has raised concerns over the fragile ceasefire. According to Iran’s state media outlet IRNA, Tehran has rejected further negotiations, citing continued US blockade actions.
Iran Refuses Second Round of Talks
Iran has declined to participate in the second round of negotiations, casting uncertainty over ongoing peace efforts. This comes just ahead of the ceasefire deadline on Tuesday, putting proposed talks in Pakistan at risk.
A US delegation was scheduled to arrive in Pakistan, but Iran’s firm stance has heightened tensions. The key question now is whether the US will take further military action or if diplomatic talks can still resume. Meanwhile, Pakistan is preparing for mediation, with heightened security in Islamabad.
Enrich Money Gold Silver Outlook
COMEX Gold: COMEX gold is trading in the 4,850–4,900 dollar range, showing gradual recovery and stabilization. On the weekly chart, the 4,750–4,700 dollar zone remains a strong support base. A breakdown below this level could push prices toward 4,550–4,500 dollar.
On the upside, immediate resistance is seen at 4,900–4,950 dollar, followed by a strong hurdle at 5,000–5,050 dollar. A sustained breakout could drive prices higher toward 5,150–5,250 dollar. Overall, the trend remains positive, with buying interest likely on dips.
COMEX Silver: COMEX silver is trading near 81–82 dollar, indicating gradual recovery. The 77–75 dollar zone acts as strong support. A break below this could lead to declines toward 72–70 dollar and further to 68–65 dollar.
On the upside, resistance is seen at 82-85 dollar, followed by 88–90 dollar. A breakout above these levels could push prices toward 95–100 dollar. Momentum remains positive but requires confirmation above resistance.
MCX Gold: MCX gold futures are holding firm near Rs 1,54,000–Rs 1,55,000, maintaining a strong uptrend on higher timeframes. Key support lies at Rs 1,52,000–Rs 1,50,000. A break below this could lead to declines toward Rs 1,48,000–Rs 1,45,000 and further to Rs 1,40,000–Rs 1,38,000.
On the upside, a move above Rs 1,55,000 could extend the rally toward Rs 1,58,000–Rs 1,60,000 and further to Rs 1,62,000–Rs 1,65,000. The overall trend remains bullish, with buying likely on dips.
MCX Silver: MCX silver is trading in the Rs 2,55,000–Rs 2,60,000 range, showing stabilization after a recent correction. Strong support is seen at Rs 2,40,000–Rs 2,35,000. A breakdown could push prices toward Rs 2,25,000–Rs 2,20,000 and further to Rs 2,10,000–Rs 2,05,000.
On the upside, resistance is at Rs 2,60,000–Rs 2,65,000, followed by Rs 2,75,000–Rs 2,80,000. A breakout above these levels could drive prices toward Rs 3,00,000 and beyond.
JM Financial Gold Silver Outlook
Gold Forecast: Gold faces key resistance at Rs 1,57,600. A sustained move above this level could push prices toward Rs 1,70,000–Rs 1,80,000. On the downside, support is placed at Rs 1,51,000. A break below this could trigger a decline toward Rs 1,35,000–Rs 1,25,000.
Silver Forecast: Silver has major resistance at Rs 2,63,000. A breakout above this level could open the path toward Rs 2,97,000–Rs 3,50,000. However, failure to cross this level may result in a decline toward Rs 2,40,000–Rs 2,10,000.
FAQ’s
1. Why are gold and silver prices stable right now?
Prices are currently in a consolidation phase, where they trade within a narrow range as investors wait for clear signals. Stability is due to balanced buying and selling near key support and resistance levels.
2. How are Iran-US tensions affecting gold and silver?
Geopolitical tensions increase uncertainty, which typically boosts demand for safe-haven assets like gold and silver. This can support prices or even push them higher during periods of conflict.
3. What are the key levels to watch in gold?
For COMEX gold, support lies near 4,750–4,700 dollar, while resistance is around 4,900–5,050 dollar. On MCX, support is at Rs 1,52,000–Rs 1,50,000 and resistance near Rs 1,55,000 and above.
4. What could trigger a breakout in silver prices?
A sustained move above resistance levels—85 dollar–90 dollar in COMEX and Rs 2,63,000 in MCX—could trigger strong upward momentum, potentially leading to significant price gains.
5. Is there a risk of price decline in the near term?
Yes, if gold and silver fall below key support levels, it may lead to short-term declines. However, experts believe dips could attract buying interest, limiting deeper losses.
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