Gold and Silver Price Prediction: Will Gold and Silver Continue to Fall? See outlook on September 17, 2026

Gold and Silver Price Prediction Today: Gold and silver prices are expected to remain under pressure in the coming days, says Abhilash Koikkara, head of Forex and commodities at Nuvama Professional Clients Group. Below is his outlook and trading strategy for gold and silver:

MCX Gold

MCX Gold is likely to remain under pressure in the near term, with prices continuing to trade lower on a weekly basis and pointing to a sideways to bearish setup.

This pattern suggests that selling pressure remains dominant in the near term, with the possibility of a sideways bias once the ongoing consolidation phase stops. However, with the base trend firmly positive, the ongoing correction towards support is better viewed as an accumulation opportunity than a trend reversal signal.The escalation of the US Federal Reserve’s interest rate decision has increased price volatility in the coming week.Prices are likely to continue trading within a consolidation range in the near term, but a decisive break in this phase could trigger another wave of selling. On the downside, 148,000 is the first major support to hold. A sustained break below that level could further extend the decline towards the 144,000-140,000 area.On the upside, 155,000 is the key resistance level to watch and a move above that level would nullify the intermediate bearish bias and signal a resumption of the bullish move. A sustained daily close above 155,000 would confirm that buyers have firmly regained control and that the bullish movement is back in place.Gold has started the week trading with lower lows and surpassing the previous week’s low, a move that keeps the weekly trend leaning towards a further correction. With momentum remaining on the negative side, gold appears well placed to extend its corrective move over the coming sessions.

MCX Gold Trading Strategy

MCX Silver

MCX Silver, like gold, is likely to remain under pressure in the coming sessions, with the overall technical setup continuing to point towards weakness. Rising US Treasury yields and the recent interest rate hike from the Federal Reserve meeting remain a key factor influencing precious metals, and higher yields and interest rates tend to reduce the attractiveness of non-yielding assets like silver. Silver’s short-term bias is tilted sideways to negative, mirroring gold’s current corrective trend, although the broader setup continues to favor upside and a rebound from lower levels is anticipated as prices overcome this corrective phase.Following the recent pullback from the highs, the 225,000 level stands out as strong support for the week and should limit any further declines. The short-term technical outlook remains cautious as long as prices remain above this support. A firm close below would change the bias to negative, but any dip above that mark should attract buyers and keep the broader uptrend intact.Silver has the 242,000 level as immediate resistance, with 248,000 as the next resistance beyond that. A move above 248,000 would confirm the bullish bias and keep the momentum firmly alive and both technicals and momentum point to supporting the correction phase. However, prices are expected to target the support level of 225,000 and staying above that support keeps the trend in the corrective phase.

MCX Silver Trading Strategy

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