Gold Silver Weekly Forecast: Precious metals markets are attempting to regain stability after a period of intense volatility and sharp corrective moves. Gold and silver prices have rebounded from key support levels, but the broader trend remains fragile as investors continue to assess the impact of global economic uncertainty, central bank policy expectations, geopolitical tensions and currency market fluctuations. While selective buying has emerged at lower levels, technical indicators suggest that both metals need to reclaim important resistance zones before a stronger recovery can be confirmed.
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Enrich Money Gold Silver Outlook
COMEX Gold: COMEX gold witnessed a sharp breakdown below the 4,350 dollar level before finding support in the 4,050–4,000 dollar zone. Prices have since recovered and are currently holding above 4,200 dollar, though the weekly structure continues to reflect a weak undertone.
On the upside, a sustained move above 4,350 dollar is required to improve sentiment and trigger a recovery toward the 4,450–4,500 dollar zone. On the downside, the 4,050–4,000 dollar region remains a key support area; a break below this could accelerate corrective pressure toward 3,900 dollar and lower levels. Overall, the broader trend remains weak, while momentum continues to remain fragile following the recent breakdown.
COMEX Silver: COMEX silver witnessed heavy selling pressure and declined sharply before finding support in the 64–62 dollar zone. Prices have since staged a modest recovery and are currently holding above 68 dollar, although the broader structure remains under pressure.
On the upside, immediate resistance is placed near 69–70 dollar, while a sustained move above 72–73 dollar is required to stabilize sentiment and trigger a stronger recovery toward the 75–76 dollar region. On the downside, the 64–62 dollar zone remains crucial support. A decisive break below this region could drag prices toward 60 dollar and lower levels. Overall, the broader trend remains weak despite the recent rebound.
MCX Gold: MCX gold futures witnessed a sharp breakdown below the 1,54,000 rupees level but attracted buying interest near the 1,47,000–1,46,000 rupees demand zone. Prices have since recovered and are currently holding above the important psychological level of 1,50,000 rupees.
On the upside, a sustained move above 1,55,000 rupees could extend the recovery toward the 1,58,000–1,60,000 rupees zone. On the downside, the 1,46,000–1,44,000 rupees region remains a key support area; a break below this could intensify corrective pressure toward 1,40,000 rupees and lower levels. Overall, the broader trend remains weak, although prices are attempting to establish a near-term base.
MCX Silver: MCX silver futures remained under pressure but witnessed buying interest near the 2,32,000–2,30,000 rupees support zone, leading to a recovery toward 2,46,000 rupees. Weekly price action suggests an attempt to stabilise after the recent decline, though the broader structure remains corrective.
On the upside, immediate resistance is seen near 2,49,000–2,51,000 rupees, while a sustained move above 2,60,000 rupees would be required to improve sentiment and trigger a stronger recovery toward higher levels. On the downside, the 2,32,000–2,30,000 rupees zone remains crucial support. A break below this region could extend weakness toward 2,20,000 rupees and lower levels. Overall, the broader trend remains corrective despite the recent rebound.
USD/INR traded in a volatile 94.90–95.75 rupees range before settling near 95.10 rupees. The pair closed near the lower end of its ascending trendline channel, indicating modest strength in the rupee during the week.
On the upside, immediate resistance is placed at 95.30–95.40 rupees. A sustained move above this zone could push the pair toward 95.60–95.80 rupees. On the downside, the 94.75–94.65 rupees area remains a key support zone; a break below this could drag prices toward 94.40 rupees, with stronger support near 94.20 rupees. Overall, the near-term bias remains cautious amid geopolitical uncertainty and fluctuating dollar demand.
SMC Global Gold Silver Outlook
Gold: According to SMC Global, ETF flows remained weak during the week, with holdings in SPDR Gold Trust, the world’s largest gold-backed ETF, declining by 0.3% to 923.89 tonnes, indicating softer investor demand. Technically, COMEX Gold is taking support near the 4,000 dollar level, while immediate resistance is seen around 4,380 dollar. A decisive break below 4,000 dollar could drag prices toward 3,600 dollar, whereas a sustained move above 4,380 dollar may trigger a recovery toward the 4,600 dollar zone.
Silver: According to SMC Global, COMEX Silver is expected to remain range-bound in the 58–72 dollar zone amid ongoing volatility in precious metals markets. On the domestic front, MCX Gold is likely to trade within the 1,42,000–1,52,000 rupees range during the coming week, while MCX Silver may fluctuate between 2,26,000–2,49,000 rupees. Market participants are expected to closely monitor global economic developments, central bank signals and investor sentiment for further direction.
FAQ’s
1. Why are gold and silver prices trying to stabilize this week?
Gold and silver have rebounded from important support levels after experiencing significant selling pressure. Bargain buying at lower prices has helped the recovery, although broader market sentiment remains cautious due to economic and geopolitical uncertainties.
2. What are the key technical levels for COMEX Gold during June 15–19, 2026?
COMEX Gold is holding above the 4,200 dollar level after finding support near 4,000 dollar. A move above 4,350 dollar could trigger a recovery toward 4,450–4,500 dollar, while a break below 4,000 dollar may increase downside pressure toward 3,900 dollar or lower.
3. What outlook do analysts have for COMEX Silver this week?
COMEX Silver remains under pressure despite recovering from the 64–62 dollar support zone. Resistance is seen around 69–70 dollar, while a sustained move above 72–73 dollar would be needed to improve sentiment and support a stronger recovery.
4. How are MCX Gold and MCX Silver expected to perform?
MCX Gold has recovered above Rs 1,50,000 after attracting buying near Rs 1,46,000–Rs 1,47,000. Meanwhile, MCX Silver has rebounded from the Rs 2,30,000 support area, but both metals need to break key resistance levels to confirm a stronger upward trend.
5. What factors could influence precious metals prices in the coming days?
Key drivers include central bank policy decisions, global economic data, ETF investment flows, USD/INR movements, geopolitical developments, bond yields, and overall investor sentiment. These factors are likely to determine whether gold and silver extend their recovery or face renewed selling pressure.
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