According to latest market predictions, silver is forecasted to reach $27.71 by the end of 2026, representing a significant decline of 53.69% from current market rates. The precious metal is expected to experience substantial market volatility over the next five years, with projections showing $18.72 by 2031, recording a 68.72% decline from current levels. These forecasts are based on historical silver price movements and market analysis, though predicting silver prices ten years into the future remains challenging due to supply inflation factors and uncertain market dynamics.
As reported by Goodreturns, silver currently trades at ₹2.35 lakh per kg in India, with MCX silver futures closing at ₹2.22 lakh per kg for the week ahead. The precious metal experienced a nearly 4% weekly decline, underperforming gold which dropped 1.5% during the same period. Silver's recent performance reflects broader market uncertainty, with analysts noting that last week, silver underperformed gold and ended on a cautious note as uncertainty revolved around industrial demand and elevated Treasury yields dampened momentum. The current levels put silver in the middle of its bear case retest zone, with MCX silver expected to remain under pressure with potential targets ranging between ₹2.23 lakh and ₹2.38 lakh.
According to SMC Global Securities analysis, COMEX Silver has support at $59-60, followed by $55, while resistance is seen at $64.60, $67.75, and $72.10. At MCX, silver may remain within ₹2.23 lakh to ₹2.30 lakh, with a move above ₹2.30 lakh potentially extending towards ₹2.35 lakh to ₹2.38 lakh. The current levels put both metals in the middle of their respective bear case retest zones, with silver's resistance sitting near $68 to $70, followed by a much heavier wall near $80 where multiple rally attempts throughout the year have stalled. As per Goodreturns, silver rates in India stood at ₹2.35 lakh in 1kg, with the cheapest silver available at ₹235 per gram.
Silver traded near $58 on Tuesday, roughly 52% below its January all-time high of $121.76, after sliding almost 4% on Monday due to renewed US-Iran escalation around the Strait of Hormuz. President Donald Trump reinstated a blockade on Iranian vessels transiting the Strait of Hormuz, demanding reimbursement from countries that benefit from US protection of the shipping lane. The move sent Brent crude 11% higher on Monday, toward $79.60 a barrel, while WTI traded near $72.90, according to Kitco data. Higher oil prices revived inflation concerns and strengthened bets on a September Federal Reserve rate hike, with markets now pricing a roughly 51% chance of a September rate hike against 23% odds of no change. The transmission channel hurts precious metals as costlier oil lifts inflation expectations, keeping Treasury yields elevated and supporting the dollar.
According to The Times of India, silver is trading near $58.50/oz after declining about 52% from its all-time high of $121.62 set on January 29 and 18% from its 2025 close, largely due to a stronger US dollar, elevated Treasury yields, and hawkish Fed expectations. The long-term outlook remains constructive, supported by a projected sixth consecutive annual supply deficit, as most silver production is a byproduct of other metals and cannot be rapidly increased. International silver CMP: $58.50/oz with support at $56.50/$54.50 and resistance at $62/$65, while MCX silver CMP: ₹2,23,000 with support at ₹2,15,500/₹2,07,800 and resistance at ₹2,36,500/₹2,47,900. Prices are likely to remain range-bound in the near term, with macroeconomic data, Fed policy signals, and US dollar movements driving direction, while persistent supply tightness provides a supportive medium-term backdrop.
