Silver Price Prediction: Bearish Roadmap Points to $36-$44 Zone

Silver prices have been struggling to hold above $58 after briefly bouncing from the $55 level. According to analyst Rishabhh Jain, the current relief rally won't last, and a major downside target lies in the $36-$44 zone.

The broader precious metals complex remains under pressure, with gold holding near $4,050. Silver is showing more volatility due to geopolitical tensions in the Middle East affecting oil prices and safe-haven flows.

Jain's analysis points to a bearish medium-term count, treating the entire 2026 move as an A-B-C style corrective sequence off the $121 pump. The analyst expects a (b) wave bounce followed by a (c) leg down to complete wave Y.