Gold & Silver Price Prediction Today: What’s the Outlook for May 22, 2025 and Should You Buy or Sell?
Gold and silver prices have experienced significant fluctuations in recent days, influenced by a range of geopolitical factors and developments related to trade policies. As investors navigate this evolving market, understanding the current outlook for these precious metals is crucial.
Gold has traditionally served as a safe haven for investors, but recent sessions have seen it decline from its peak. The question now is: what is the outlook for gold and silver today and in the coming days? What target levels should investors be watching for?
MCX Gold Outlook
MCX Gold has shown a bullish breakout from the lower end of its support zone, indicating a shift in investor 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 Target: Rs 98,000 SL: Rs 94,100
MCX Silver Outlook
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.
Given the current market conditions, we are optimistic about Silver’s short-term prospects. Prices are expected to move towards 101,800 with stop loss at the 95,600 level. At the current market price (CMP) of 97,750, the outlook remains positive, and a rally could materialize as the price continues its upward momentum post-consolidation.
CMP: Rs 97,750 Target: Rs 101,800 SL: Rs 95,600
Investors should carefully monitor these key levels as they may influence the direction of prices in the coming days. While the market is currently bullish, it is essential to remain vigilant and adjust strategies based on ongoing developments.