Silver Prediction for Monday, 3 August 2026: MCX Silver September futures Levels to Watch
- July 31, 2026
- Posted by: Ankit Jaiswal
- Category: News
Silver prediction for Monday, 3 August 2026: Rs 217,646 per kg, -1.06% on Friday. Support Rs 217,000, resistance Rs 219,900. RBI MPC begins Monday.
The silver prediction for monday, 3 August 2026, centres on MCX Silver September futures, which closed Friday at Rs 217,646 per kg, down 2,321 points or 1.06% from Thursday’s close of Rs 219,967. Silver tracked gold lower on dollar strength, though its longer dated September contract still trades well above its levels from a month ago on sustained industrial demand.
Univest analysts Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director, have built this silver prediction for monday using Friday’s MCX closing data and the broader macro calendar heading into next week. Ankit Jaiswal covers the technical structure while Kunal Singla layers in the demand and positioning context.
Silver Closing Overview for the Prediction for Monday
- MCX Silver September futures closed at Rs 217,646 per kg on Friday, -1.06% versus Thursday’s Rs 219,967 close.
- Silver tracked gold lower on dollar strength, though its longer dated September contract still trades well above its levels from a month ago on sustained industrial demand.
- The contract expires on 4 September, a date traders following this silver prediction for monday should track for rollover related volatility.
Silver Technical Analysis for the Prediction for Monday
| Metric | Level |
|---|---|
| Friday Close | Rs 217,646 (-1.06%) |
| Support | Rs 217,000 / Rs 215,500 |
| Resistance | Rs 219,900 / Rs 221,000 |
| Contract Expiry | 4 September |
Ankit Jaiswal builds this silver prediction for monday around Rs 217,000 as the near term pivot; a hold above it keeps the setup constructive, while a break would open a path toward Rs 215,500. On the upside, a close above Rs 219,900 would put Rs 221,000 back in focus for this silver prediction for monday.
F&O Calendar for the Silver Prediction for Monday
MCX Silver September futures expires on 4 September, and Kunal Singla flags that positioning typically builds through the first half of the expiry week before rollover activity picks up. Traders following this silver prediction for monday should watch open interest changes around the RBI policy verdict, since rate and currency moves often spill into MCX pricing.
RBI Policy Week and Global Cues for the Silver Prediction for Monday
The RBI Monetary Policy Committee meets from Monday, 3 August, to Wednesday, 5 August, with the repo rate decision due on the final day. The repo rate has held at 5.25 percent through three consecutive reviews, and most economists expect another hold.
Wall Street staged a sharp Thursday rebound, with the Nasdaq up 2.78 percent and the S&P 500 up 1.66 percent on Microsoft-led strength, a day after a Fed driven selloff. Brent crude eased to 89.03 dollars a barrel after an earlier spike above 93 dollars on Iran related strikes, and Gift Nifty August futures were trading near 24,422 on Friday morning.
Silver Prediction for Monday: Trading Strategy
- Use Rs 217,000 as the near term pivot for this silver prediction for monday; a sustained hold above it keeps the setup constructive.
- A close above Rs 219,900 would be the trigger for a fresh long bias toward Rs 221,000.
- Keep position sizes measured ahead of Wednesday’s RBI verdict, since currency moves around the decision can spill into commodity pricing.
- Respect stop losses below Rs 215,500 rather than averaging into a losing position into the 4 September expiry.
Risks to the Silver Prediction for Monday
- A stronger dollar following a hawkish RBI or Fed commentary could pressure this silver prediction for monday, particularly for gold and silver.
- Any fresh escalation in the Iran-US standoff could move crude oil and, by extension, the broader commodity complex sharply.
- Increased volatility is typical into the 4 September expiry as positions roll to the next month’s contract.
- A reversal in Thursday’s Wall Street rally when US markets trade Friday night could shift risk appetite across commodities before Monday’s MCX open.
Conclusion
This silver prediction for monday, 3 August 2026, points to MCX Silver September futures holding a range between Rs 217,000 support and Rs 219,900 resistance as the RBI policy week begins. Ankit Jaiswal and Kunal Singla both flag the RBI verdict on Wednesday and ongoing Iran-US tensions as the dominant swing factors for the week. A close above Rs 219,900 would strengthen this silver prediction for monday, while a break below Rs 217,000 would call for caution.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What is the silver prediction for monday, 3 August 2026?
Ans. The silver prediction for monday, 3 August 2026, points to MCX Silver September futures holding between Rs 217,000 support and Rs 219,900 resistance, after closing Friday at Rs 217,646 per kg.
What is MCX Silver September futures’s support and resistance for Monday?
Ans. Support is at Rs 217,000 and then Rs 215,500. Resistance is at Rs 219,900 and then Rs 221,000, based on Friday’s close of Rs 217,646.
When does MCX Silver September futures expire?
Ans. MCX Silver September futures expires on 4 September. Traders following this silver prediction for monday should watch for rollover related volatility as that date approaches.
How will the RBI MPC meeting affect this prediction for Monday?
Ans. The RBI Monetary Policy Committee meets from 3 to 5 August, with the rate decision due Wednesday. Currency moves around the verdict can spill into MCX commodity pricing, particularly for gold and silver.
What do Ankit Jaiswal and Kunal Singla say in this silver prediction for monday?
Ans. Ankit Jaiswal expects MCX Silver September futures to hold its recent range given Friday’s -1.06% move, while Kunal Singla flags the RBI verdict and global crude oil trends as the key triggers for the week.
Why did silver move lower on Friday?
Ans. Silver tracked gold lower on dollar strength, though its longer dated September contract still trades well above its levels from a month ago on sustained industrial demand.
What are the key global cues for commodity markets next week?
Ans. Brent crude eased to 89.03 dollars a barrel on Thursday after an earlier spike above 93 dollars on Iran related strikes, and the RBI policy verdict on Wednesday is the dominant domestic trigger for the week.
Should traders take fresh positions in silver ahead of the RBI decision?
Ans. Univest analysts suggest keeping position sizes measured ahead of Wednesday’s verdict and recommend consulting a SEBI-registered financial advisor before making investment decisions.
