Silver Price Prediction for Monday, 17 August 2026: MCX Silver Corrects 0.80 Percent to Rs 2,36,198 After Wednesday’s Strong Bounce as Crude Fall Reduces Industrial Metal Urgency
- August 14, 2026
- Posted by: Lakshit Sharma
- Category: Predictions
MCX Silver Thu: Rs 2,36,198/kg (-0.80%). H: Rs 2,40,667 (Open=High). L: Rs 2,34,700. Gold -0.37%. Crude Rs 7,803 (-0.23%). Nifty -0.16%. Sensex +0.15%.
Quick Answer
MCX Silver corrected -0.80% to Rs 2,36,198 on Thursday, giving back some of Wednesday’s strong +1.64% bounce as crude oil’s -1.88% crash to Rs 7,803 reduced energy cost tailwinds for silver-intensive industrial sectors. The Rs 2,34,700 intraday low held, keeping the recovery from Tuesday’s reversal partially intact. The silver price prediction for Monday is neutral-to-slightly-bullish ; the Rs 2,34,000-2,35,000 support zone is the key floor to watch on Friday.
The silver price prediction for Monday for Monday 17 August 2026 is shaped by Thursday’s twin macro developments: MCX Crude Oil crashing -1.88% to Rs 7,803 ; its sharpest single-day fall this week and lowest level since before Tuesday’s Iran-deal-stall surge ; and TCS bouncing +1.08% to Rs 2,356, confirming IT sector recovery after Wednesday’s -3.93% crash. Nifty 50 closed at 24,354.85 (-0.17%) in its fourth consecutive opening-high distribution session, while the Sensex defied the trend at 77,931.10 (-0.19%). Bank Nifty slipped -0.43% to 57,459.10 after ICICI Bank fell -1.74%, blocking the Day 6 banking rotation for a second consecutive day.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, frame the silver price prediction for Monday around crude oil’s -1.88% Thursday fall as the dominant macro shift heading into Friday. At Rs 7,803 ; down from Rs 8,024 on Tuesday in just two sessions ; crude’s 3% retreat provides substantial input cost relief to auto, FMCG, cement and chemicals sectors. Simultaneously, IT sector recovery (TCS -0.80% (Day 2 IT stalled), HCL Tech +0.34%) provides a second positive catalyst. Together, these two themes make the silver price prediction for Monday the most opportunity-rich of the week, even as banking consolidates after Thursday’s ICICI Bank +0.40% (finally recovered Friday).
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Thursday’s Market Recap for the silver price prediction for Monday
| Indicator | Fri 17 Aug Close (Groww) | Change | Signal for Friday |
|---|---|---|---|
| Nifty 50 | 24,354.85 | -0.16% | 4th Open=High distribution; L:24,311; floor at 24,265 intact |
| Sensex | 77,931.10 | +0.15% | Only index green; TCS -0.80% (Day 2 IT stalled) drove this; L:77,399 |
| Bank Nifty | 57,459.10 | -0.43% | Open=High session; ICICI +0.40% (finally recovered) primary drag; L:57,548 |
| MCX Crude Oil | Rs 7,803/bbl | -1.88% | Largest single-day fall this week; below Rs 7,800; Iran deal signals |
| MCX Gold | Rs 1,52,220/10g | -0.37% | Mild pullback from Wed high; L:1,52,250; support intact |
| MCX Silver | Rs 2,36,198/kg | -0.80% | Correcting from Wed bounce; L:2,34,700 |
| MCX Copper | Rs 1,373.55/kg | -0.29% | Mild dip; L:1,357.55; industrial demand intact |
| MCX Zinc | Rs 398.30/kg | -0.51% | L:390.45; supply deficit still alive |
| MCX Nat Gas | Rs 263.70/MMBTU | -0.60% | L:265.80; consolidating above Rs 265 |
| TCS | Rs 2,356 | +1.08% | IT Day 1 recovery; NASDAQ bounce confirmed; H:2,375 |
| ICICI Bank | Rs 1,412.40 | -1.74% | Day 6 rotation failed; Rs 1,435 held; new support Rs 1,395-1,410 |
| SBI | Rs 1,083 | +0.09% | PSU banking stable; H:1,086.80; floor at Rs 1,073 |
| Reliance | Rs 1,317 | -0.90% | Worst session this week; L:1,307.20; crude fall helps O2C Fri |
silver price prediction for Monday: Key Factors for Friday
- MCX Silver’s Thursday session had an opening-high pattern (High=Open=Rs 2,40,667) ; sellers arrived at Wednesday’s closing level on Thursday’s first tick and pushed the metal lower through the session to Rs 2,34,700. This is the same opening-high distribution that Nifty has been showing for five consecutive sessions. for Friday’s session, Rs 2,34,700 is the confirmed intraday floor ; a clean break below this on Friday would signal the correction is extending toward Rs 2,29,000-2,31,000.
- Crude oil crashing -1.88% to Rs 7,803 Thursday has a nuanced effect on the silver price prediction for Monday. Lower crude reduces manufacturing energy costs for silver-intensive industries (solar panels, electronics, electrical contacts) ; mild positive for industrial silver demand. But it also reduces the inflation-urgency that drove Wednesday’s precious metals rally. Net effect: the silver price prediction for Monday gets a slight industrial demand positive from crude’s fall while losing some inflation-hedge premium.
- MCX Zinc fell -0.51% to Rs 398.30 Thursday while MCX Copper fell -0.29% to Rs 1,373.55. for Friday’s session, base metals and silver both correcting on the same day (after Wednesday’s triple-metal positive) confirms Thursday’s session was broad profit-taking rather than a change in fundamental demand. Kunal Singla reads this as a one-day correction within an ongoing precious-plus-base metals recovery trend.
- COMEX Silver pre-market Friday is Friday’s primary overnight signal. COMEX Silver above USD 30.80/oz overnight = Thursday’s dip was absorbed; below USD 30.00/oz = correction extends Friday. Ankit Jaiswal identifies the Rs 2,34,000-2,35,500 support zone as Friday’s critical floor ; this was the bottom of Wednesday’s bounce and defines whether the silver recovery is still alive heading into Friday.
Technical Levels for the silver price prediction for Monday
| Level | Zone | Why It Matters |
|---|---|---|
| Primary Support | Rs 2,34,000-2,35,500 | Confirmed buyer zone from Thursday’s session; DII accumulation visible |
| Secondary Support | Rs 2,29,000-2,31,000 | Deeper correction floor ; only matters if primary breaks on Friday |
| Immediate Resistance | Rs 2,40,000-2,41,500 | First recovery target for Friday; partial booking zone |
| Extended Resistance | Rs 2,44,000-2,46,000 | Breakout target if Friday session builds on Thursday momentum |
Stocks Flagged for the silver price prediction for Monday
| Stock | Thu Close | Entry Zone | Target | Stop Loss | Analyst | Why Now |
|---|---|---|---|---|---|---|
| Hindustan Zinc | Rs 590 est. | Rs 585-595 | Rs 618 | Rs 570 | Ankit Jaiswal | Primary silver equity play ; Hindustan Zinc is India’s largest silver producer. Silver price prediction for Monday at Rs 2,34,000-2,35,500 support = Hindustan Zinc entry opportunity. |
| Hindalco | Rs 748 est. | Rs 742-750 | Rs 772 | Rs 728 | Kunal Singla | Hindalco participates in the industrial metals complex alongside the silver price prediction for Monday through copper and aluminium businesses. |
| Titan Company | Rs 4,920 est. | Rs 4,888-4,925 | Rs 5,055 | Rs 4,820 | Ankit Jaiswal | Titan silver jewellery segment tracks silver prices. Silver price prediction for Monday above Rs 2,34,000 keeps Titan silver product economics intact. |
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Strategy for the silver price prediction for Monday Session
- Rs 2,34,000-2,35,500 is Friday’s buy-on-dip zone for Friday’s session. Ankit Jaiswal recommends entering silver near this level with Rs 2,29,000 stop and targeting Rs 2,40,000-2,41,500 resistance.
- If COMEX Silver is above USD 30.80/oz pre-market Friday, the silver price prediction for Monday is stable ; Thursday’s correction is absorbed. Add to positions at Rs 2,36,000-2,37,000 on any Friday morning dip.
- Hindustan Zinc equity above Rs 595 Friday morning = silver price prediction for Monday equity signal that the correction is contained and silver recovery continues.
- Kunal Singla: if silver breaks below Rs 2,34,700 (Thursday’s intraday low) Friday, the silver price prediction for Monday target shifts to Rs 2,29,000-2,31,000 secondary support ; exit all longs.
Key Risks to the silver price prediction for Monday
- Silver breaking below Rs 2,34,700 (Thursday’s confirmed intraday low) Friday, extending the correction toward Rs 2,29,000-2,31,000 on Friday.
- Gold continuing to weaken below Rs 1,52,000, pulling silver further down through precious metals correlation on Friday.
- Iran deal confirmation causing crude to drop further, reducing the inflation-hedge component of the silver price prediction for Monday.
Conclusion
The silver price prediction for Monday for Monday 17 August 2026 has crude oil’s -1.88% Thursday fall to Rs 7,803 as its most important macro input. Ankit Jaiswal of Univest identifies primary support at Rs 2,34,000-2,35,500 and immediate resistance at Rs 2,40,000-2,41,500 for Friday’s session, with the crude relief trade (auto, FMCG, cement) and IT recovery (TCS, HCL Tech) as Friday’s two highest-conviction positive themes.
Kunal Singla of Univest adds that ICICI Bank’s Thursday -1.74% creates a buy-on-dip entry at Rs 1,395-1,412 for banking sector exposure ; lower than Wednesday’s entry, same Rs 1,432-1,442 target. Check GIFT Nifty above 24,420 and NASDAQ above 22,000 at 9 AM Friday as the two pre-market signals that confirm Friday’s positive bias for Friday’s session.
Disclaimer: Data in this article is sourced from publicly available information and may not be accurate. Verify all data with NSE (nseindia.com) and BSE (bseindia.com) before making investment decisions. 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).
FAQs on Silver Price Prediction For Monday, 17 August 2026
What is the silver price prediction for Monday, 17 August 2026?
Ans. The silver price prediction for Monday is neutral. MCX Silver corrected -0.80% to Rs 2,36,198 as Thursday’s opening-high session (H=Open=Rs 2,40,667) saw profit-taking from Wednesday’s +1.64% bounce. The Rs 2,34,700 intraday low held. Support is Rs 2,34,000-2,35,500 and resistance is Rs 2,40,000-2,41,500 on Friday.
Why did silver correct more than gold on Thursday in the silver price prediction for Monday context?
Ans. Silver fell -0.80% while gold fell -0.37% Thursday because silver has a larger industrial component (solar, electronics) which benefits less from inflation fear. When crude crashed -1.88% reducing energy inflation urgency, silver’s inflation-hedge premium contracted more than gold’s. for Friday’s session, Thursday’s correction was profit-booking after Wednesday’s +1.64% bounce rather than a structural change.
What is MCX Silver support and resistance for the silver price prediction for Monday?
Ans. Support is Rs 2,34,000-2,35,500 and Rs 2,29,000-2,31,000. Resistance is Rs 2,40,000-2,41,500 and Rs 2,44,000-2,46,000 on Friday.
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 Thursday data: MCX Silver Rs 2,36,198 (-0.80%), H: Rs 2,40,667 (=Open), L: Rs 2,34,700.
What stocks benefit in the silver price prediction for Monday?
Ans. Hindustan Zinc (primary silver producer, Rs 585-595 entry), Hindalco (industrial metals complex) and Titan Company (silver jewellery revenue) are the three equity plays on Friday.