Silver Prediction for Tomorrow | MCX Silver Levels 23 June 2026

Silver (MCX Silver July Futures) at Rs 2,37,990 per kg on 22 June 2026, +2.06%. Prev 2,33,185. Intl COMEX Silver: $32.50/oz (+1.8%). VIX 27.32.

The silver prediction for tomorrow for 23 June 2026 centres on MCX Silver July Futures closing at Rs 2,37,990 per kg on 22 June 2026, a move of +4,805.00 (+2.06%) from the previous close of Rs 2,33,185. Silver surged +2.06% on dual safe-haven and industrial demand signals. The broader Nifty 50 closed at 24,102.90 (+0.37%), with commodity markets tracking global cues from Iran-US talks in Switzerland.

Ankit Jaiswal, Senior Research Analyst at Univest, has analysed today’s MCX Silver price action, global cues, and F&O data to present the silver prediction for tomorrow. Kunal Singla provides the macro and institutional flow context for Tuesday’s MCX session.

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Silver Prediction for Tomorrow: Today’s MCX Close

• MCX Close: MCX Silver July Futures settled at Rs 2,37,990 per kg on 22 June 2026, moving +4,805.00 (+2.06%) from Rs 2,33,185. Silver rose sharply on a combination of safe-haven buying and recovering industrial metal sentiment.
• International Cue: COMEX Silver traded at $32.50/oz (+1.8%) in global markets. Overnight movement in COMEX Silver will be the primary cue for the silver prediction for tomorrow.
• Market Context: Iran-US talks in Switzerland and elevated India VIX at 27.32 are the two swing factors shaping the silver prediction for tomorrow heading into Tuesday’s MCX session.

Silver Prediction for Tomorrow: Key MCX Levels

Trend: Bullish | Range: Rs 2,34,000 to Rs 2,41,000 per kg

The silver prediction for tomorrow from Ankit Jaiswal places Rs 2,34,000 per kg as the immediate MCX support for Tuesday. A hold above this level keeps the near-term bias constructive and targets Rs 2,41,000 as the first resistance. A sustained break above Rs 2,41,000 with volume would open the path toward Rs 2,45,000. Jaiswal notes that MCX Silver expiry is on 3 July 2026, so Tuesday’s session will see pre-expiry positioning influence price action.

MCX F&O Analysis for Silver Prediction for Tomorrow

• Contract and Expiry: The active MCX Silver contract (Silver July Futures) expires on 3 July 2026. The silver prediction for tomorrow includes pre-expiry positioning as a key intraday driver for Tuesday.
• OI Trend: Open interest trends in MCX Silver heading into expiry will signal whether large participants are adding to or trimming positions ahead of 23 June 2026.
• Margin and Lot Size: MCX Silver traders should review margin requirements heading into 23 June 2026, as VIX at 27.32 and expiry week can widen intraday swings significantly.

Global Cues for Silver Prediction for Tomorrow

• COMEX Silver: At $32.50/oz (+1.8%), the international benchmark is the primary overnight cue for the silver prediction for tomorrow. Any sharp move after Indian market hours will directly set the MCX opening price for 23 June 2026.
• Iran-US Talks: Day 2 of Switzerland negotiations directly impacts the silver prediction for tomorrow via currency, crude, and risk sentiment channels. A deal would boost risk appetite; a breakdown revives safe-haven and energy price volatility.
• Dollar Index (DXY): A stronger dollar typically pressures commodity prices in INR terms. Monitor DXY overnight as it shapes the silver prediction for tomorrow opening gap on Tuesday.

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MCX Trading Strategy: Silver Prediction for Tomorrow

1. Buy Setup: The silver prediction for tomorrow suggests buying near Rs 2,34,000 per kg with stop at Rs 2,30,000 and target Rs 2,41,000. Confirm with overnight international price direction before entry.
2. Sell Setup: A break below Rs 2,34,000 on volume validates a short in the silver prediction for tomorrow with target Rs 2,30,000 and stop above Rs 2,41,000.
3. Avoid Illiquid Hours: MCX Silver volatility peaks at the opening (9:00 AM) and near expiry. The silver prediction for tomorrow advises avoiding trades in the first 15 minutes.
4. Hedge Against Volatility: Given VIX at 27.32, use options strategies or smaller lot sizes to manage risk in the silver prediction for tomorrow environment for Tuesday.

What Data Indicates for Silver Prediction for Tomorrow

The silver prediction for tomorrow is shaped by three signals: MCX Silver closing above the previous session at Rs 2,37,990 per kg, the international benchmark COMEX Silver at $32.50/oz (+1.8%), and Iran-US talks as the key binary event overnight.

Ankit Jaiswal notes that the silver prediction for tomorrow carries elevated expiry-week risk as the active Silver July Futures approaches its 3 July 2026 settlement. Pre-expiry OI unwinding can create sharp intraday moves that temporarily breach the support and resistance levels in the silver prediction for tomorrow.

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Risks to Silver Prediction for Tomorrow

• Silver: Iran deal talks could reduce safe-haven premium overnight, weighing on MCX silver near Rs 2,34,000 support
• Iran-US Breakdown: A collapse in Switzerland negotiations would sharply spike volatility across commodity markets, potentially invalidating the silver prediction for tomorrow technical levels.
• Dollar Spike: A sharp DXY surge overnight would put pressure on rupee-denominated MCX commodity prices, creating a gap-down risk for the silver prediction for tomorrow on Tuesday opening.
• Pre-Expiry Volatility: As Silver July Futures approaches 3 July 2026, pre-expiry OI unwinding can create sudden directional moves that override the silver prediction for tomorrow technical picture.

Conclusion

In summary, the silver prediction for tomorrow on 23 June 2026 is cautiously bullish with MCX support at Rs 2,34,000 and resistance at Rs 2,41,000 per kg. Ankit Jaiswal places the silver prediction for tomorrow in the context of Iran-US talk progress and elevated VIX at 27.32. A positive overnight global cue from COMEX Silver and an Iran deal would support the silver prediction for tomorrow above Rs 2,34,000.

This MCX silver Tuesday outlook is based on MCX market data as of close of trade on 22 June 2026. Track COMEX Silver overnight and check MCX opening cues before placing positions in the MCX silver Tuesday outlook for Tuesday.

FAQs

What is the MCX silver Tuesday outlook?

Ans. The MCX silver Tuesday outlook for 23 June 2026 shows MCX Silver at Rs 2,37,990 per kg on 22 June 2026 (+4,805.00, +2.06%). Support is Rs 2,34,000 and resistance Rs 2,41,000 per kg. International benchmark COMEX Silver at $32.50/oz is the primary overnight cue.

What is the MCX Silver support and resistance for 23 June 2026?

Ans. The MCX silver Tuesday outlook places MCX Silver support at Rs 2,34,000 and Rs 2,30,000 per kg for 23 June 2026. Resistance levels are Rs 2,41,000 and Rs 2,45,000 per kg. A break above Rs 2,41,000 would signal a bullish breakout in the MCX silver Tuesday outlook for Tuesday.

How do Iran-US talks affect the MCX silver Tuesday outlook?

Ans. Iran-US negotiations in Switzerland directly impact the MCX silver Tuesday outlook via crude oil, currency, and risk sentiment channels. A deal would boost the MCX silver Tuesday outlook via improved market sentiment; a breakdown would revive commodity price volatility.

What is the MCX Silver expiry date?

Ans. The active MCX Silver contract (Silver July Futures) expires on 3 July 2026. The MCX silver Tuesday outlook includes pre-expiry OI unwinding as a key intraday driver for Tuesday. Monitor OI trends heading into expiry for directional confirmation.

What is the trading strategy from the MCX silver Tuesday outlook?

Ans. The MCX silver Tuesday outlook suggests buying near Rs 2,34,000 per kg with stop at Rs 2,30,000 and target Rs 2,41,000. Below Rs 2,34,000, the MCX silver Tuesday outlook turns bearish with target Rs 2,30,000. Use smaller lot sizes given VIX at 27.32 and expiry-week volatility.