Gold Silver Weekly Forecast: Global and domestic bullion markets are entering a crucial phase this week, where price action in gold and silver is expected to remain highly sensitive to technical levels and global cues. After last week’s sharp volatility, markets are now attempting to stabilise, with experts indicating a mixed outlook—ranging from short-term correction to gradual recovery depending on key support and resistance zones.
GOLD SILVER PRICE WEEKLY FORECAST
Enrich Money View for the Week for COMEX Gold:
“COMEX Gold is currently trading in the 4,400–4,500 Dollar range after a sharp correction from higher levels. The market is showing early signs of base formation, indicating that selling pressure is gradually easing.
On the downside, the 4,250–4,400 Dollar zone remains a crucial support area. A break below this could lead to further weakness. On the upside, 4,600–4,750 Dollar is the immediate resistance band. A sustained move above this range may trigger a rally toward 5,000–5,100 Dollar. Overall, the broader trend remains constructive, but confirmation is still needed.”
Enrich Money View for the Week for MCX Gold:
“MCX Gold is hovering around the Rs 1,40,000–Rs 1,45,000 support zone after a steep correction from record highs. The market is now showing early recovery signs, with buying interest emerging at lower levels.
The Rs 1,36,000–Rs 1,40,000 zone is acting as a strong base. A breakdown below this could push prices toward Rs 1,30,000. On the upside, a move above Rs 1,46,000–Rs 1,48,000 may trigger recovery momentum, with potential upside toward Rs 1,55,000–Rs 1,60,000.”
Enrich Money View for the Week for COMEX Silver:
“COMEX Silver is trading in the 68–72 Dollar range after a corrective decline and is now attempting to stabilise. Selling pressure has reduced, and early signs of recovery are visible.
The 65–67 Dollar zone remains a key support area. A break below this could drag prices toward 60 Dollar. On the upside, resistance is seen at 73–75 Dollar. A breakout above this level may push prices toward 80 Dollar and higher.”
Enrich Money View for the Week for MCX Silver:
“MCX Silver is currently trading in the Rs 2,23,000–Rs 2,30,000 range, indicating consolidation after correction. The Rs 2,15,000–Rs 2,20,000 zone is acting as a strong support base.
If this support breaks, prices may fall toward Rs 2,00,000. On the upside, Rs 2,37,000–Rs 2,40,000 is the immediate resistance. A sustained move above this level could push prices toward Rs 2,60,000 and Rs 2,80,000.”
JM Financial View for the Week for MCX Gold:
“Gold futures remained under corrective pressure during the week, breaking below their range and closing slightly lower.
Indicators suggest a weak bias, with RSI above 50 but below its moving average, and MACD showing negative divergence. Resistance is placed at Rs 1,45,600 and Rs 1,57,600. On the downside, prices may decline toward Rs 1,30,000 and Rs 1,25,000.”
JM Financial View for the Week for MCX Silver:
“Silver futures also witnessed weakness, ending the week on a negative note after range-bound trading.
Technical indicators reflect a cautious outlook, with RSI above 50 but below its average and MACD near the zero line with negative bias. Resistance is seen at Rs 2,37,500 and Rs 2,63,000, while downside targets remain at Rs 2,00,000 and Rs 1,65,000.”
FAQs
1. What is the outlook for gold prices this week?
Gold is showing early signs of recovery after a correction, but the trend remains uncertain. A breakout above key resistance levels could trigger a rally, while a fall below support may lead to further downside.
2. What are the key support and resistance levels for gold?
For MCX gold, support lies near Rs 1,36,000–1,40,000, while resistance is seen at Rs 1,46,000–1,48,000. On COMEX, support is around 4,250–4,400 Dollar and resistance at 4,600–4,750 Dollar.
3. What is the forecast for silver prices this week?
Silver is currently stabilising after a correction. If it breaks above resistance levels, it may see a strong recovery, but failure to hold support could lead to further decline.
4. What are the important levels to watch in silver?
MCX silver has support at Rs 2,15,000–2,20,000 and resistance at Rs 2,37,000–2,40,000. On COMEX, support is near 65–67 Dollar and resistance at 73–75 Dollar.
5. What factors could influence gold and silver prices this week?
Global economic cues, technical indicators, US dollar movement, and geopolitical developments will play a key role. Market sentiment will largely depend on whether prices break key support or resistance levels.
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