Gold Silver Weekly Forecast: Gold and silver prices are expected to remain highly volatile in the coming sessions as investors assess key U.S. economic data, Federal Reserve policy expectations, geopolitical developments and the outlook for global interest rates. Enrich Money and SMC Global believe that precious metals are trading near crucial support and resistance levels, making upcoming inflation data, employment indicators and central bank commentary critical for determining the next price direction. Here’s what both brokerages expect for COMEX and MCX gold and silver in the near term.
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Enrich Money Gold Silver Outlook
COMEX Gold: COMEX Gold continues to trade with a weak undertone after failing to sustain above key resistance levels, although prices are still holding above the important 4,000–3,950 dollar support zone. The overall technical structure remains under pressure, with buyers requiring a decisive breakout to regain momentum.
On the upside, immediate resistance is placed in the 4,200–4,230 dollar region, followed by the stronger 4,350–4,400 dollar zone. A sustained move above these levels could improve recovery momentum and strengthen the near-term outlook. On the downside, the 4,000–3,950 dollar region remains the major support area. A break below this zone could trigger fresh selling pressure toward 3,820–3,760 dollar. Overall, the broader outlook remains mildly negative until prices reclaim key resistance levels.
COMEX Silver: COMEX Silver continues to trade with a weak bias after failing to sustain above important resistance levels. Although prices are attempting to stabilize, the broader technical structure remains under pressure and requires confirmation before a stronger recovery can develop.
On the upside, immediate resistance is placed at 62.50–63.00 dollar, followed by the 64.00 dollar level. A sustained breakout above 64.00 dollar could strengthen buying momentum and open the way toward 66.00–66.50 dollar. On the downside, the 59.00–58.50 dollar region remains immediate support, while a break below this zone could extend losses toward 57.00–56.50 dollar. Overall, the broader trend remains cautiously negative until prices decisively move above resistance.
MCX Gold: MCX Gold continues to trade with a negative bias after failing to sustain above higher levels, reflecting continued selling pressure despite occasional short-covering rallies.
On the upside, immediate resistance is placed in the 1,45,000–1,45,500 rupees region. A sustained move above 1,46,600 rupees could improve momentum and extend the recovery toward 1,48,000 rupees. On the downside, the 1,43,000–1,42,500 rupees region remains immediate support, followed by the stronger support zone at 1,41,000–1,40,000 rupees. Overall, the broader outlook remains negative, with a decisive breakout above resistance required to improve the near-term trend.
MCX Silver: MCX Silver continues to trade with a weak bias after witnessing a sharp correction from the 2,37,000–2,38,000 rupees resistance zone. The market remains under pressure, although support levels are still holding.
On the upside, immediate resistance is placed at 2,26,000–2,27,000 rupees. A sustained move above 2,30,000–2,31,000 rupees could strengthen recovery momentum and extend gains toward 2,34,000–2,35,000 rupees, followed by 2,37,000–2,38,000 rupees. On the downside, the 2,21,000–2,20,000 rupees region remains immediate support. A break below this zone could extend weakness toward 2,15,000–2,14,000 rupees. Overall, the broader trend remains negative, with a decisive breakout above key resistance levels required to signal a stronger recovery.
SMC Global Gold Silver Outlook
Gold: According to SMC Global, COMEX Gold is consolidating above the important 4,050–4,080 dollar support zone after recent volatility, indicating that buyers are attempting to defend lower levels. Resistance is placed at 4,275 dollar and 4,380 dollar, while a sustained breakout above 4,475 dollar could revive the broader bullish trend. On the downside, a break below 4,050 dollar may trigger a correction toward the 4,000 dollar level.
On the domestic front, MCX Gold is expected to trade within the 1,44,000–1,46,000 rupees range. A sustained breakout above 1,46,000 rupees could extend gains toward 1,47,500–1,48,500 rupees, while a break below 1,44,000 rupees may drag prices toward 1,43,000 rupees. Investors are expected to closely monitor U.S. inflation data, Federal Reserve commentary and global macroeconomic developments for further direction.
Silver: According to SMC Global, COMEX Silver has immediate support in the 59–60 dollar region, followed by stronger support near 55 dollar. Resistance is placed at 64.60 dollar, followed by 67.75 dollar and 72.10 dollar. A sustained move above these resistance levels could strengthen bullish momentum.
On the domestic front, MCX Silver is expected to trade within the 2,23,000–2,30,000 rupees range. A breakout above 2,30,000 rupees could extend the recovery toward 2,35,000–2,38,000 rupees, while a break below 2,23,000 rupees may expose prices toward the 2,20,000 rupees level. Market participants are likely to remain focused on global economic data, Federal Reserve guidance, geopolitical developments and overall investor sentiment for the next directional move.
FAQs
1. Why are gold and silver prices expected to remain volatile during July 13–17, 2026?
Gold and silver markets are expected to witness heightened volatility as traders react to key U.S. inflation data, Federal Reserve policy signals, economic indicators, and geopolitical developments that could influence global interest rate expectations.
2. What are the key support and resistance levels for COMEX Gold this week?
According to Enrich Money, COMEX Gold has immediate support at 4,000–3,950 dollars and resistance at 4,200–4,230 dollars. A breakout above resistance could strengthen bullish momentum, while a fall below support may trigger further selling.
3. What is the outlook for MCX Gold and MCX Silver this week?
MCX Gold is expected to find support around 1,43,000–1,42,500 rupees, while resistance lies near 1,45,000–1,45,500 rupees. MCX Silver has immediate support at 2,21,000–2,20,000 rupees and resistance at 2,26,000–2,27,000 rupees.
4. What does SMC Global expect for gold and silver prices?
SMC Global expects COMEX Gold to remain supported above the 4,050–4,080 dollar region, while COMEX Silver is likely to trade between key support near 59–60 dollars and resistance around 64.60 dollars. Domestic MCX prices are expected to remain range-bound unless a breakout occurs.
5. Which events should investors monitor for gold and silver this week?
Investors should closely watch U.S. CPI and other inflation indicators, Federal Reserve officials’ speeches, economic data releases, geopolitical developments, and overall market sentiment during July 13–17, 2026, as these events are likely to determine the next trend in gold and silver prices.
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