Silver prices traded flat as major Chinese markets remained closed for the New Year 2026. COMEX silver saw a slight decrease, trading at $70.896 per ounce, with immediate support at $69.70. MCX silver rates closed marginally higher but remain significantly below record highs. Experts anticipate a flat trading session due to the lack of cues from Shanghai. Despite near-term pressure, the longer-term bullish outlook suggests accumulation on dips, with potential upside targets if prices rebound above $2,36,000.