Silver Price Prediction for Next Week

Silver Price Prediction for Next Week (8th - 12th December 2025)

COMEX Silver posted another strong week, marking a fresh all-time high at $5933/oz after taking support near $56.50. Prices surged +5% during Friday's session and closed the week at $5829, holding firmly above immediate support at $57.72-$56.50. The daily structure remains strongly bullish with price action staying above key short-term support zones, signaling sustained upward momentum.

MCX Silver Futures-March contract mirrored this strength, rallying +9,367 points over the week and registering an all-time high at 185,234 before closing at 183,408. The contract is comfortably positioned above all major moving averages-20-DEMA at 168,330; 50-DEMA at 157,350; 100-DEMA at 144,980; and 200-DEMA at 130,960 confirming a well-established and healthy uptrend. The rising channel structure on the daily chart continues to support higher highs and higher lows. Open interest contracted by roughly 1,000 lots during the rally, suggesting the recent upside was driven more by short-covering and momentum participation rather than fresh long buildups. From an indicator perspective, RSI has climbed to the upper 60s-70s range (around 73+), reflecting strong bullish momentum while entering an overbought zone, consistent with trending-market behavior. The MACD histogram remains firmly positive, signaling trend continuation, and volume spikes accompanying the breakout validate growing participation.

The Gold/Silver ratio (Mint Ratio) dropped sharply to a new low at 71.66, recording a -32% weekly decline. This relative weakness in gold underlines Silver's strong outperformance in the precious-metals segment.

Overall, the trend for Silver remains decisively bullish, with the structure favoring a buy-on-dips approach as long as prices sustain above immediate support clusters and momentum indicators remain constructive.

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Prediction given by Technical Research Team - Choice.