Mounting evidence suggests that people may use multiple cues to predict different levels of representation (e.g., semantic, syntactic, and phonological) during language comprehension. One question that has been less investigated is the relationship between general cognitive processing and the efficiency of prediction at various linguistic levels, such as semantic and phonological levels. To address this research gap, the present study investigated how working memory capacity (WMC) modulates different kinds of prediction behavior (i.e., semantic prediction and phonological prediction) in the visual world. Chinese speakers listened to the highly predictable sentences that contained a highly predictable target word, and viewed a visual display of objects. The visual display of objects contained a target object corresponding to the predictable word, a semantic or a phonological competitor that was semantically or phonologically related to the predictable word, and an unrelated object. We conducted a Chinese version of the reading span task to measure verbal WMC and grouped participants into high- and low-span groups. Participants showed semantic and phonological prediction with comparable size in both groups during language comprehension, with earlier semantic prediction in the high-span group, and a similar time course of phonological prediction in both groups. These results suggest that verbal working memory modulates predictive processing in language comprehension.