Silver Prediction for Monday 8 June 2026: MCX Price Forecast and Key Levels
- June 5, 2026
- Posted by: Neeraj Pandey
- Category: News
Silver MCX Rs 2,71,500/kg (+0.85%) on 5 Jun. Support Rs 2,67,000, resistance Rs 2,75,000. Trend: Bullish. Monday 8 Jun.
The Silver prediction for Monday 8 June 2026 is Bullish as MCX Silver closed at Rs 2,71,500/kg (+0.85%) on Friday 5 June 2026. Silver gained +0.85% Friday supported by gold’s safe-haven momentum and steady industrial demand from renewable energy installations globally. The Silver prediction for Monday will also be shaped by the US Non-Farm Payrolls data released on Friday evening and the overnight global commodity market movements, including Dollar Index direction. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, provide the key technical levels for the Silver prediction for Monday 8 June 2026.
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Friday 5 June 2026 Market Close
- Nifty 50: 23,366.70 (-0.21%). High 23,516.35, low 23,282.65. RBI held repo at 5.25%; market opened positive but gave back gains late session.
- Bank Nifty: 54,496.25 (+0.35%). Hit +0.35% high intraday on RBI day. PSU banks outperformed; SBI high Rs 992.60.
- India VIX: 15.79 (intraday low 13.46 — multi-week low). Declining VIX is constructive for Monday 8 June 2026 open.
- Nifty IT: 29,010.30 (-0.99%). Wipro fell -2.91% post-buyback record date.
- FII/DII (4 June): FII net Rs -4,475.76 Cr; DII net Rs +3,986.44 Cr.
- Key event for Monday: US NFP data released tonight (5 June); Monday open will react to this first.
Silver Price Levels for Monday 8 June 2026
| Parameter | Value |
|---|---|
| MCX Close (5 June) | Rs 2,71,500/kg |
| Previous Close | Rs 2,69,200/kg |
| Change | +0.85% |
| Support 1 | Rs 2,67,000/kg |
| Support 2 | Rs 2,63,000/kg |
| Resistance 1 | Rs 2,75,000/kg |
| Resistance 2 | Rs 2,79,000/kg |
| Trend | Bullish |
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Silver Prediction for Monday: Technical Analysis
Ankit Jaiswal observes that the Silver prediction for Monday is anchored at Rs 2,67,000 support. Silver gained +0.85% Friday supported by gold’s safe-haven momentum and steady industrial demand from renewable energy installations globally. A break above Rs 2,75,000 with volume would be the bullish trigger for the Silver prediction for Monday 8 June.
Kunal Singla notes that the Silver prediction for Monday is sensitive to overnight US data. The US NFP reaction and any Iran geopolitical update will set the MCX opening tone for Monday.
Bull and Bear Case for Silver Prediction for Monday
Bullish: Gold momentum and renewable energy industrial demand supporting silver; RBI rate hold positive for India silver imports. Target Rs 2,75,000 then Rs 2,79,000.
Bearish: Dollar Index strength reducing precious metal appeal; weak Chinese manufacturing reducing industrial silver demand. Risk toward Rs 2,67,000 then Rs 2,63,000.
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Conclusion
The Silver prediction for Monday 8 June 2026 is Bullish with Rs 2,67,000 as key support and Rs 2,75,000 as resistance. Ankit Jaiswal and Kunal Singla recommend strict stop-loss discipline. Data is sourced from open public platforms — verify from official NSE/BSE sources.
Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.
Disclaimer: The securities quoted, if any, are for illustration purposes only and are not recommendatory. This article is for educational purposes only and shall not be considered as investment advice or a recommendation by Univest (Uniresearch Global Pvt Ltd, SEBI Registered Research Analyst INH000013776). Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Data is sourced from open public platforms including NSE and BSE and may be subject to revision. Verify data from official NSE/BSE sources before making any investment decision. Registration granted by SEBI in no way guarantees the performance of the intermediary or provides any assurance of returns to investors. Past performance is not indicative of future results.
Frequently Asked Questions
What is the Silver prediction for Monday 8 June 2026?
Ans. The Silver prediction for Monday is Bullish. MCX Silver closed at Rs 2,71,500/kg (+0.85%) on Friday 5 June. Support Rs 2,67,000, resistance Rs 2,75,000. Silver gained +0.85% Friday supported by gold’s safe-haven momentum and steady industrial demand from renewable energy installations globally.
What is the Silver price target for Monday?
Ans. The Silver price target for Monday 8 June ranges from Rs 2,67,000 on the downside to Rs 2,75,000 on the upside. A sustained break above Rs 2,75,000 signals bullish momentum.
What factors affect Silver prediction for Monday?
Ans. Gold momentum and renewable energy industrial demand supporting silver; RBI rate hold positive for India silver imports supports bullish scenario. Dollar Index strength reducing precious metal appeal; weak Chinese manufacturing reducing industrial silver demand is the primary bearish risk for the Silver prediction for Monday 8 June 2026.
What is MCX Silver support and resistance for Monday?
Ans. Support 1: Rs 2,67,000/kg. Support 2: Rs 2,63,000/kg. Resistance 1: Rs 2,75,000/kg. Resistance 2: Rs 2,79,000/kg.
Is Silver bullish or bearish for Monday 8 June 2026?
Ans. The Silver prediction for Monday is Bullish. Silver gained +0.85% Friday supported by gold’s safe-haven momentum and steady industrial demand from renewable energy installations globally. Watch Rs 2,75,000 as key resistance and Rs 2,67,000 as key support on Monday.
How does the Dollar Index affect Silver prediction for Monday?
Ans. A stronger Dollar typically pressures Silver prices. The US NFP data released on Friday evening and the Dollar Index direction will set the tone for the Silver prediction for Monday 8 June 2026.
What is the global outlook for Silver for Monday 8 June 2026?
Ans. Globally, Silver gained +0.85% Friday supported by gold’s safe-haven momentum and steady industrial demand from renewable energy installations globally. MCX Silver tracks international benchmarks adjusted for the rupee rate. MCX opening on Monday will reflect overnight global movements.
Should I trade Silver on Monday 8 June 2026?
Ans. This article is for educational purposes only and does not constitute investment advice. Consult a SEBI-registered financial advisor before making any Silver trading decision for Monday.
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