With markets closed for the weekend, I spent some time going through both the gold and silver four-hour charts on TradingView. The two metals enter the new week in very different technical po
With markets closed for the weekend, I spent some time going through both the gold and silver four-hour charts on TradingView. The two metals enter the new week in very different technical positions.
Gold finished around $4,165 after a volatile seven days that included a drop toward $4,080 and a subsequent recovery. Silver had a much harder week. It fell from roughly $61 to the $55-$56 area before recovering to around $57.
The difference is important. Gold has begun rebuilding momentum near $4,150, whereas silver is still trying to establish whether the mid-$50s can become a durable bottom.
The biggest event was September’s U.S. inflation report.
Headline CPI rose 0.6% month over month and 3.7% year over year, up from 3.4% in August. Core inflation reached 2.6%, keeping pressure on the Federal Reserve as markets reassessed the possibility of additional rate increases.
Producer inflation then added to those concerns. September PPI increased 6.3% from a year earlier, which added another sign that price pressures remain elevated.
Gold initially reacted badly because higher inflation pushed rate expectations and Treasury yields higher. Investing.com reported that spot gold dropped to around $4,100 after the CPI release before recovering later in the week as bonds strengthened and the dollar softened. Gold still finished the week about 0.7% lower.
Silver carries another complication. It is both a precious metal and an industrial commodity, meaning concerns about economic growth can hurt it more than gold. MarketWatch noted that silver’s large 2026 decline has coincided with concerns about inflation, expensive energy and weaker economic activity.
That makes Treasury yields, the dollar and oil three important markets to monitor from October 19 to 25.
I analyzed the Gold Spot/U.S. Dollar four-hour chart from October 18.
Gold is trading around $4,165.60 after buyers twice appeared around $4,080-$4,100. Price has since returned to the middle of the short-term range instead of immediately revisiting those lows.
RSI is now around 52.2, above its average near 49.8.
Source: TradingView
That is a relatively healthy reading. Gold is neither oversold nor overheated, and momentum has moved back slightly in favor of buyers.
The chart now has a fairly clear map.
Around $4,120-$4,100 is the area bulls cannot afford to lose easily. Above the current price, $4,190-$4,220 is where previous recovery attempts have stalled.
A push through $4,220 would change the tone considerably and could bring $4,280 into play. A return below $4,100 would instead reopen the recent low near $4,080, followed by the psychological $4,000 level.
One obstacle remains far overhead: the 200-day average displayed near $4,523. Gold therefore has plenty of work left before the longer-term chart looks repaired.
Silver’s setup is much less comfortable.
The four-hour chart shows price around $56.99 after a steep decline through $60 and a low around $55.50.
RSI has recovered from roughly 20 during the selloff to 39.9, with its average near 35.6. Selling pressure has eased, but RSI remains below 50.
Source: TradingView
That makes this a recovery attempt, not yet a reversal.
The $55-$56 region deserves close attention this week because it has already produced a meaningful reaction. Another successful defense could give silver a route back toward $58 and eventually $60.
Getting through $60 would be the first encouraging technical achievement. $61-$62 would then become the harder test because that area previously acted as support before the latest leg lower.
Silver also remains far below its 200-day average near $72.14, which underlines how much technical damage remains on the broader chart.
If $55 fails, I would watch approximately $53-$54 next. Below there, $50 becomes increasingly difficult to ignore.
Read also: Analyst Who Nailed Silver Price Prediction in 2026 Says the Crowd Is Wrong Again
Instead of treating one target as inevitable, I would frame the coming week around these paths:
Metal Constructive case Likely consolidation area Downside risk Gold Above $4,220 opens $4,250-$4,280 $4,100-$4,220 Below $4,100 exposes $4,080 and potentially $4,000 Silver Above $58 opens $60-$62 $55.50-$59 Below $55 opens $53-$54, potentially $50 Technical advantage Gold Gold Silver carries greater downside sensitivityOf the two charts, gold currently looks healthier to me.
Its RSI has already returned above 50, price has recovered much of the latest decline, and the $4,080-$4,100 area has attracted buyers more than once.
Silver could produce the larger percentage rebound if $55-$56 becomes a floor, but that trade comes with more technical risk. Until silver recovers at least $60, the recent bounce remains vulnerable.
For the week ahead, $4,220 for gold and $60 for silver are the two prices I would watch most closely. Those levels would tell us whether last week’s selloff is beginning to reverse or whether precious metals still need more time near their recent lows.
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The post Gold and Silver Price Predictions for This Week (October 19-25) appeared first on CaptainAltcoin.
