Technical factors, such as momentum indicators and key support or resistance levels, can also influence shorter-term moves. It’s also important to note that forecasts are estimates rather than guarantees and may change as new data emerges or market conditions shift. As of 6 January 2026, Capital.com client positioning in silver CFDs currently shows 73.0% buyers versus 27.0% sellers, a heavy‑buy skew that puts buyers ahead by about 46 percentage points. Into 2026, that upward move extended further, with silver closing at $72.70 on 1 January and reaching $80.90 on 6 January 2026, marking a steep advance over the two-year period shown. Closes moved from roughly $40 at the start of September to above $70 by late December, finishing the year at $71.65 on 31 December 2025. Silver’s spot price on Capital.com has shifted sharply over the past two years, moving from the high-$20s per ounce in early 2024 to above $80 by early January 2026.

On pullbacks, the classic pivot at 70.52 forms initial support, followed by the 100-day SMA around 51.22 as a key underlying moving-average shelf. Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Why fixed deposit is a conservative investor’s choice? Get the latest Business News, Stock Markets, IPO Companies News, Breaking News Events on ET Now.

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• The price is still below a falling trendline from late January, so short-term pressure continues.
• Silver prices can move in either direction and are often more volatile than those of other precious metals.
• This weak data, along with expectations of lower interest rates, weighed on the US dollar and helped support demand for gold.
• The 14-day RSI is around 70.6, placing it in a stretched zone, while the ADX near 62 points to a strong established trend, provided price remains above the clustered averages.
• The price is still below a falling trendline from the January peak and under the 50-EMA near $4,950, which is acting as resistance.

The move comes amid ongoing interest in precious metals following the Federal Reserve’s 2025 shift from a ‘higher for longer’ stance to a rate-cutting cycle (Reuters, 2 January 2026). However, this upward trend was mainly supported by a risk-off market sentiment, which pushed investors towards safe-haven assets like gold. Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Contracts for difference (CFDs) let traders take positions on both rising and falling prices, but they are traded on margin, Leverage amplifies both profits and losses, so it’s important to understand how CFDs work before trading. This one‑sided tilt toward longs highlights a strong bullish bias among current account holders, while still leaving room for shifts if market conditions or news flow change. As with all markets, price behaviour may remain sensitive to shifts in liquidity, macroeconomic developments and broader risk sentiment.

Gold Will Reach $5,000/oz By Q1 2026 Amid Broader Commodities Rally – Ubs

Silver is trading below the 50-EMA near $90 and the 200-EMA around $92, which confirms a bearish setup. This matches the 38.2% Fibonacci retracement at $4,855 and the rising lower trendline from the late January low. On the downside, gold is staying above the $4,680 to $4,700 support area.

• This one‑sided tilt toward longs highlights a strong bullish bias among current account holders, while still leaving room for shifts if market conditions or news flow change.
• The RSI is around the mid-40s, which suggests the price is stable but not showing clear upward momentum.
• On pullbacks, the classic pivot at 70.52 forms initial support, followed by the 100-day SMA around 51.22 as a key underlying moving-average shelf.
• Why fixed deposit is a conservative investor’s choice?
• Get the latest Business News, Stock Markets, IPO Companies News, Breaking News Events on ET Now.
• On Capital.com, you can trade silver CFDs, which allow you to speculate on price movements without owning the underlying metal.

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Gold (XAU/USD) managed to stop its bearish trend and gained strong traction near the 4,840 level.

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The RSI is around the mid-40s, which suggests the price Everestex review is stable but not showing clear upward momentum. On the data front, the ADP report showed that private-sector jobs rose by just 22K in January, well below last month’s revised 37K and market expectations. Meanwhile, Silver (XAG/USD) extended its bullish momentum and is trading near the 74.00 level, posting strong gains of around 4.26%. Another factor that has been supporting the price is growing expectations of more interest rate cuts by the US Federal Reserve in 2026. As a result, gold rebounded strongly from lower levels and touched an intraday high near 4,846.

More Price Gains In Gold, Silver; Charts Turn More Bullish

The 14-day RSI is around 70.6, placing it in a stretched zone, while the ADX near 62 points to a strong established trend, provided price remains above the clustered averages. The consultancy points to softer global activity, easing supply bottlenecks, and a partial normalisation in investor positioning following the 2025 surge as factors behind its more cautious outlook (Capital Economics, 15 December 2025). Commentary summarised in a November 2025 precious-metals note adds that silver remains ‘driven by industry’, while flagging weaker global growth and policy uncertainty as potential constraints on further upside (GOLDINVEST, 3 November 2025). The forecasts below focus on published targets and averages from late 2025 to early 2026, with varying emphasis on macroeconomic policy, geopolitics, and longer-term structural demand.

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Capital Economics’ report, ‘Record-high metals prices to fall back in 2026’, states that record levels across several metals in 2025 are expected to give way to lower average prices in 2026, including for silver. The World Bank’s commodity projections indicate that precious-metals prices, including silver, are expected on average to ease modestly from 2025 into 2026 after sharp gains. Silver prices can move in either direction and are often more volatile than those of other precious metals. Silver price forecasts vary widely and depend on assumptions around industrial demand, supply conditions, and macroeconomic factors such as interest rates and currency trends. On Capital.com, you can trade silver CFDs, which allow you to speculate on price movements without owning the underlying metal.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor.

Gold Price Outlook: Xau $4,840 Tests Key Support As Trendlines Converge

• He observed that ‘extremes in the gold-to-silver ratio imply that recent moves in silver could be approaching overstretched territory’, while also noting that, despite overbought readings, ‘momentum remains skewed to the upside’.
• The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor.
• Into 2026, that upward move extended further, with silver closing at $72.70 on 1 January and reaching $80.90 on 6 January 2026, marking a steep advance over the two-year period shown.
• As a result, gold rebounded strongly from lower levels and touched an intraday high near 4,846.
• Closes moved from roughly $40 at the start of September to above $70 by late December, finishing the year at $71.65 on 31 December 2025.
• On the downside, gold is staying above the $4,680 to $4,700 support area.

Get the latest financial news and personalised updates to stay ahead ofthe rest! After hitting record highs, gold and silver have sharply corrected. The price is still below a falling trendline from late January, so short-term pressure continues.

Silver is also drawing support from its dual role as an industrial and monetary metal, with commentary pointing to solid demand linked to solar and other industrial applications, alongside continued safe-haven interest (Reuters, 27 December 2025). This weak data, along with expectations of lower interest rates, weighed on the US dollar and helped support demand for gold. Therefore, these expectations became stronger after recent data showed that the US labor market is weakening. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. Anyone considering exposure to silver should carefully assess the risks involved and consider seeking independent advice where appropriate. Whether to gain exposure to silver depends on individual circumstances, objectives, and risk tolerance.