Gold & silver price prediction at this time: What’s the gold rate outlook for May 22, 2025 & is it headed for Rs 98,000 – should you buy or promote?

Gold and silver price prediction: MCX Gold and MCX Silver have been risky in the previous few days with geopolitical occasions and Donald Trump’s tariff associated developments weighing on investor sentiment.While gold is historically a secure haven asset, it has fallen from its peak in the previous few periods. What is the outlook for gold and silver at this time and for the subsequent few days? What are the goal ranges buyers should have a look at?Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group shares his views:MCX Gold OutlookMCX Gold has proven a bullish breakout from the decrease finish of its help zone, indicating a shift in sentiment and the potential for upward momentum. This breakout means that the current draw back strain has probably been absorbed, and the bulls are regaining management. The key resistance is positioned at the 95,700 degree, and a decisive transfer above this mark will probably set off additional upside, pushing costs towards the 98,000 degree in the close to time period.On the every day chart, the Relative Strength Index (RSI) has reversed route from the impartial 50 degree and is now trending upward towards the overbought zone. This shift in RSI displays strengthening momentum and helps the bullish outlook for costs.From a technical standpoint, the pattern seems constructive, and so long as costs maintain above the help zone of 94,100, the bias stays optimistic. The formation of upper lows, together with bettering momentum indicators, reinforces the chance of continued positive aspects.In conclusion, MCX Gold is effectively-positioned for additional upside. With help at 94,100 and resistance at 95,700 anticipated to be breached, the subsequent potential goal lies at 98,000. Traders might contemplate a bullish stance so long as the price holds above key help ranges.CMP: Rs 95,500Target: Rs 98,000SL: Rs 94,100MCX Silver OutlookThe every day chart evaluation signifies that MCX Silver costs have efficiently damaged above the consolidation vary of 97,500–94,000, signalling a bullish breakout and opening optimistic potential. With this breakout, there is a chance for silver costs to increase their upward motion and check the earlier swing excessive at the 1,02,000 degree.The Relative Strength Index (RSI), which was beforehand hovering round the impartial zone (50), has begun to rise, suggesting growing bullish momentum. The RSI is on its approach towards the overbought zone (70), indicating that there is enough space for additional price appreciation in the close to time period.Based on Fibonacci evaluation, the 61.8% projection from the vary of 86,260 to 98,800, coupled with the help zone at 93,700, suggests a possible goal for silver costs round the 101,800 degree.Given the present market situations, we’re optimistic about Silver’s brief-time period prospects. Prices are anticipated to maneuver in the direction of 101,800 with cease loss at the 95,600 degree. At the present market price (CMP) of 97,750, the outlook stays optimistic, and a rally may materialize as the price continues its upward momentum put up-consolidation.CMP: Rs 97,750Target 10,18,00SL: Rs 95,600(Disclaimer: Recommendations and views on the inventory market and different asset lessons given by specialists are their very own. These opinions don’t signify the views of The Times of India)