Spot Silver (XAGUSD) [Interim] 20-day Forecast
The previous forecast was almost on the dot: See https://ngtiankhean.blogspot.com/2025/12/spot-silver-updated-forecast-till-31.html The current forecast is for each day from 05 Jan to 30 Jan 2026. I consider this forecast "Interim" because there are many exogenous factors during this period that may come into play which we cannot model and will make this forecast irrelevant. Among them: impact of China's export control, Bloomberg will also rejig the weighting for Silver in its Commodity Index due to Silver's outperformance, COMEX declares force majeure and pays in cash if it cannot make physical delivery, the bullion banks may exit all Silver positions even if they incur losses. The Model For those who want to know: I use GARCH, ARIMA, 1000-trials Monte Carlo Simulation and Quantile Projections. The data is fitted to a Student-t Distribution to better accomodate tail risks. The Distribution is diagnosed for Fit with Aike Information Criteria (AIC). Also, ARIMA Resid...