Silver price prediction: Silver rate to witness volatility, predict experts

Silver price to witness some volatility next week, with the broader trend still positive, supported by macroeconomic uncertainty, central bank buying, and sustained investor interest in precious metals as a hedge against volatility, according to analysts. Comex Silver futures for December delivery hit a record of USD 53.76 per ounce before retreating to USD 50.10 per ounce, down by 6 per cent on Friday.

"Silver prices extended their bull-run along with gold and were up over 15 per cent in the week till Thursday, supported by reports of supply crunch in the physical market and sustained buying among ETF investors. However, prices pared more than half of the gains in a sharp sell-off on Friday which triggered profit-booking by investors. Also the rally in both bullions looks over-stretched and is likely to see some more correction ahead," Pranav Mer of JM Financial Services said.

"Silver prices touched record highs on Friday before retracing slightly, marking a remarkable run of nearly 87 per cent for 2025," Riya Singh of Emkay Global Financial Services said.


She noted that exchange traded fund (ETF) holdings have expanded by 117 million ounces this year to 833 million ounces, though the recent accumulation wave appears to be plateauing.

She pointed out that the silver market has also been influenced by acute supply tightness in London.

"Over the past week, more than 15 million ounces were withdrawn from Comex warehouses in New York, largely moving to London to address local liquidity shortages. Yet strong ETF inflows of roughly 11 million ounces have further pressured London stocks, highlighting persistent global demand," Singh said.

Riya Singh further stated that the near-term focus for silver may shift from chasing new highs to maintaining current levels, with market dynamics increasingly shaped by liquidity and positioning rather than broad-based accumulation.

FAQs

Q1. What is silver price?
A1. Silver futures for December delivery hit a record of USD 53.76 per ounce before retreating to USD 50.10 per ounce, down by 6 per cent on Friday.

Q2. What is ETF?
A2. ETF denotes exchange traded fund (ETF).