Gold and silver price prediction: MCX Gold and MCX Silver have been volatile in the last few days with geopolitical events and Donald Trump’s tariff related developments weighing on investor sentiment. While gold is traditionally a safe haven asset, it has fallen from its peak in the last few sessions. What is the outlook for gold and silver today and for the next few days? What are the target levels investors should look at? Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group shares his views:

MCX Gold Outlook

MCX Gold has shown a bullish breakout from the lower end of its support zone, indicating a shift in sentiment and the potential for upward momentum. This breakout suggests that the recent downside pressure has likely been absorbed, and the bulls are regaining control. The key resistance is placed at the 95,700 level, and a decisive move above this mark will likely trigger further upside, pushing prices toward the 98,000 level in the near term.

On the daily chart, the Relative Strength Index (RSI) has reversed direction from the neutral 50 level and is now trending upward toward the overbought zone. This shift in RSI reflects strengthening momentum and supports the bullish outlook for prices.

From a technical standpoint, the trend appears constructive, and as long as prices sustain above the support zone of 94,100, the bias remains positive. The formation of higher lows, along with improving momentum indicators, reinforces the possibility of continued gains.

In conclusion, MCX Gold is well-positioned for further upside. With support at 94,100 and resistance at 95,700 expected to be breached, the next potential target lies at 98,000. Traders may consider a bullish stance as long as the price holds above key support levels.

CMP: Rs 95,500

The daily chart analysis indicates that MCX Silver prices have successfully broken above the consolidation range of 97,500–94,000, signalling a bullish breakout and opening positive potential. With this breakout, there is a possibility for silver prices to extend their upward movement and test the previous swing high at the 1,02,000 level.

The Relative Strength Index (RSI), which was previously hovering around the neutral zone (50), has begun to rise, suggesting increasing bullish momentum. The RSI is on its way toward the overbought zone (70), indicating that there is sufficient room for further price appreciation in the near term.

Based on Fibonacci analysis, the 61.8% projection from the range of 86,260 to 98,800, coupled with the support zone at 93,700, suggests a potential target for silver prices around the 101,800 level.