Silver Price Prediction for Monday, 10 August 2026: MCX Silver Surges 3.19 Percent to Rs 2,34,741 and Outperforms Gold as GSR Compression Signals Industrial Demand Recovery
- August 7, 2026
- Posted by: Kunal Singla
- Category: News
MCX Silver Fri: Rs 2,34,741/kg (+3.19%). Gold +1.40%. GSR compressing. US NFP 6 PM IST key. VIX 12.16. Nifty IT +1.42%.
The silver price prediction for Monday on Monday 10 August 2026 is shaped by Friday’s session where Nifty 50 closed at 24,570.65 (down 65 points, -0.27%), Sensex fell 455 points to 78,499.17 and Bank Nifty lost 317 points to 57,746.45. The session’s defining paradox: SBI Q1 FY27 beat strongly (PAT +10.23%, NIM recovered to exactly 3 percent, GNPA at a two-decade low of 1.47 percent) but Bajaj Finance crashed 5.84 percent and ICICI Bank fell 2.5 percent, dragging the financial sector. The top performers were Nifty Auto (+1.83 percent), Nifty IT (+1.42 percent led by TCS +3.36 percent) and MCX Gold (+1.40 percent) and MCX Silver (+3.19 percent). The primary catalyst for the silver price prediction for Monday is the US Non-Farm Payrolls for July 2026, released at 6 PM IST today after Indian market close, which will determine Monday’s opening gap direction. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete silver price prediction for Monday.
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Friday’s Data Behind the silver price prediction for Monday
| Indicator | Friday 7 Aug Close (Groww Confirmed) | Change |
|---|---|---|
| Nifty 50 | 24,570.65 | -65.35 pts (-0.27%) |
| Sensex | 78,499.17 | -455.59 pts (-0.58%) |
| Bank Nifty | 57,746.45 | -317.20 pts (-0.55%) |
| Nifty Auto | 29,646.95 | +1.83%; top sectoral gainer |
| Nifty IT | 31,547.70 | +1.42%; TCS +3.36%, HCL +1.62%, Infosys +0.87% |
| Nifty PSU Bank | 8,786.20 | +0.65%; SBI +1.12% on Q1 FY27 beat |
| Nifty Metal | 13,189.85 | +0.50%; Hindustan Zinc +2.20% |
| Nifty Private Bank | 27,392.35 | -1.04%; ICICI -2.50%, Axis -1.43% |
| SBI Q1 FY27 | Rs 1,097.20 (+1.12%) | PAT Rs 21,121 cr (+10.23%); NIM 3.0%; GNPA 1.47% (2-decade low). High: Rs 1,124.5 |
| Bajaj Finance | Rs 1,078 (-5.84%) | Biggest Nifty 50 loser; dragged Fin Services sector |
| MCX Gold (Aug Fut) | Rs 1,49,703/10g (+1.40%) | Strong surge; safe-haven demand |
| MCX Silver (Mini Aug) | Rs 2,34,741/kg (+3.19%) | Outperformed gold; industrial + safe-haven combined |
| MCX Crude Oil (Aug) | Rs 7,356/bbl (-0.28%) | Slight dip; Iran deal uncertainty continues |
| India VIX | 12.16 | Unchanged from previous close |
| US NFP (July 2026) | Released 6 PM IST today | Primary weekend catalyst for Monday gap direction |
SBI Q1 FY27 and Bajaj Finance: Two Opposite Forces Behind the silver price prediction for Monday
Friday’s session presented two contradictory catalysts for the silver price prediction for Monday. SBI delivered its strongest quarterly result in recent memory: PAT up 10.23 percent to Rs 21,121 crore, NIM recovered to exactly 3 percent from Q4 FY26’s 2.93 percent and GNPA fell to 1.47 percent, a two-decade low. SBI surged to Rs 1,124.5 intraday before closing at Rs 1,097.20 (+1.12 percent). Simultaneously, Bajaj Finance crashed 5.84 percent to Rs 1,078, the biggest Nifty 50 loser, dragging the financial services sector. Ankit Jaiswal notes that the silver price prediction for Monday is shaped by which of these two forces dominates on Monday: SBI’s confirmed earnings strength or Bajaj Finance’s Q1 result-related concerns spilling into the broader NBFC sector.
Technical Levels for the silver price prediction for Monday
| Level Type | Zone |
|---|---|
| Immediate Support | Rs 2,28,500-2,30,000 |
| Key Support | Rs 2,22,000-2,24,000 |
| Immediate Resistance | Rs 2,38,000-2,40,000 |
| Key Resistance | Rs 2,44,000-2,46,500 |
Kunal Singla observes that India VIX closed Friday at 12.16, unchanged from Thursday’s close. Stable VIX at 12-13 despite the broader market fall is structurally positive for the silver price prediction for Monday: it means option sellers are not panicking and the August monthly series maintains a defined range. The silver price prediction for Monday’s support at Rs 2,28,500-2,30,000 is the immediate floor heading into Monday.
US NFP: The silver price prediction for Monday Primary Weekend Variable
US Non-Farm Payrolls for July 2026 releases at 6 PM IST today. A healthy NFP (175,000-230,000 range) supports a Monday gap-up in this outlook as Dow Jones rises and FII risk-on flows return to India on Monday morning. A weak NFP below 130,000 raises US recession concerns and creates a Monday gap-down in this outlook. Ankit Jaiswal recommends checking GIFT Nifty at 9 AM Monday before making any silver price prediction for Monday position decisions.
Key Factors for the silver price prediction for Monday
- MCX Silver surging 3.19 percent to Rs 2,34,741 on Friday versus gold’s 1.40 percent gain signals GSR compression that is positive for the silver price prediction for Monday. Silver outperforming gold by nearly 2 percentage points in one session indicates institutional buying of silver as the catch-up trade.
- India’s solar panel installation demand and AI data centre cooling systems both require silver as a critical material, providing structural demand that supports the silver price prediction for Monday beyond the safe-haven trade that drove Friday’s surge.
- Hindustan Zinc gaining 2.20 percent to Rs 603 on Friday confirms that domestic equity markets are already pricing in the silver production beneficiary thesis. This equity market confirmation validates the silver price prediction for Monday.
- US NFP at 6 PM IST today is the silver price prediction for Monday’s primary overnight variable. Weak NFP amplifies safe-haven silver demand; strong NFP moderates the rally but industrial demand provides a floor for the silver price prediction for Monday.
Stocks to Watch for the silver price prediction for Monday
Univest analysts flag the following stocks for educational observation in this outlook on Monday. These are not buy or sell recommendations.
Hindustan Zinc: CMP Rs 603 (+2.20% Fri). Ankit Jaiswal flags entry Rs 596-601, target Rs 622, SL Rs 584. Hindustan Zinc is India’s only integrated zinc-silver producer. MCX Silver’s 3.19 percent Friday surge directly improves Hindustan Zinc’s silver royalty revenue in this outlook.
Titan: CMP Rs 4,941 (-1.14% Fri). Kunal Singla flags entry Rs 4,890-4,935, target Rs 5,080, SL Rs 4,830. Titan’s silver jewellery segment benefits from MCX Silver at Rs 2,34,741, providing higher revenue per unit in this outlook.
Hindalco: CMP Rs 755 est.. Ankit Jaiswal flags entry Rs 748-753, target Rs 778, SL Rs 732. Hindalco’s copper and aluminium operations co-produce silver traces, linking its overall base metals performance to the silver price prediction for Monday.
Screen All Stocks for the silver price prediction for Monday on Univest
Trading Strategy for the silver price prediction for Monday
- Rs 2,28,500-2,30,000 is the buy-on-dip zone for the silver price prediction for Monday. Ankit Jaiswal recommends this accumulation zone on any Monday morning correction from Friday’s high.
- Rs 2,38,000-2,40,000 is the first resistance in this outlook. Book 50 percent of positions here.
- Monitor the GSR on Monday: GSR breaking below 60 would signal an accelerating silver catch-up rally in this outlook.
- If Nifty IT sustains Friday’s +1.42 percent gains on Monday, AI data centre silver demand narrative would reinforce the silver price prediction for Monday bull case through sector-linked demand visibility.
Risks to the silver price prediction for Monday
- GSR bouncing from current levels on gold profit-taking compressing the silver price prediction for Monday outperformance.
- Strong NFP triggering dollar strength globally, reducing COMEX Silver and cascading into the silver price prediction for Monday.
- Industrial demand concerns if Bajaj Finance’s crash signals broader NBFC sector stress that reduces credit growth and factory output demand for silver in this outlook.
Conclusion
The silver price prediction for Monday on Monday 10 August 2026 is built on Friday’s close of Rs 2,34,741 per kg (MCX Silver Mini Aug Fut) (+Rs 7,248 (+3.19%)), from a session where Nifty Auto (+1.83 percent), Nifty IT (+1.42 percent) and MCX precious metals (Gold +1.40 percent, Silver +3.19 percent) were the week’s bright spots while Bajaj Finance (-5.84 percent) and ICICI Bank (-2.5 percent) created financial sector drag. Ankit Jaiswal of Univest identifies Rs 2,38,000-2,40,000 as the primary resistance and Rs 2,28,500-2,30,000 as the critical support for the silver price prediction for Monday. The US NFP at 6 PM IST today is the primary variable: monitor GIFT Nifty Sunday evening and at 9 AM Monday before positioning for the silver price prediction for Monday.
Kunal Singla of Univest notes that the silver price prediction for Monday has a dual structure for Monday: the recovery case (IT and Auto momentum continues, SBI Q1 beat sustains, NFP healthy) and the continuation decline case (Bajaj Finance concerns spread to NBFCs, private banks extend selling, weak NFP). The silver price prediction for Monday’s support zone at Rs 2,28,500-2,30,000 is the line between these two scenarios on Monday.
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).
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FAQs on Silver Price Prediction For Monday, 10 August 2026
What is the silver price prediction for Monday, 10 August 2026?
Ans. The silver price prediction for Monday is strongly bullish. MCX Silver surged 3.19 percent to Rs 2,34,741 per kg on Friday, outperforming gold by nearly 2 percentage points. Support is Rs 2,28,500-2,30,000 and resistance is Rs 2,38,000-2,40,000 in this outlook.
Why did MCX Silver outperform gold on Friday in the silver price prediction for Monday context?
Ans. Silver outperforming gold by 1.79 percentage points on Friday signals GSR compression from institutional buying of the silver catch-up trade. India’s solar and AI data centre demand plus global precious metals safe-haven demand combined to create the silver outperformance in this outlook.
Which analysts prepared the silver price prediction for Monday?
Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the silver price prediction for Monday using Groww-confirmed MCX Silver Mini data of Rs 2,34,741 per kg.
What is MCX Silver support and resistance for the silver price prediction for Monday?
Ans. Support is Rs 2,28,500-2,30,000 and Rs 2,22,000-2,24,000. Resistance is Rs 2,38,000-2,40,000 and Rs 2,44,000-2,46,500 in this outlook.
How does Hindustan Zinc relate to the silver price prediction for Monday?
Ans. Hindustan Zinc gained 2.20 percent to Rs 603 on Friday, confirming equity market pricing of the silver surge. As India’s only integrated zinc-silver producer, Hindustan Zinc is the primary equity expression of the silver price prediction for Monday.
