Silver Prediction for Monday, 2 November 2026
- October 30, 2026
- Posted by: Kunal Singla
- Category: Uncategorized
Silver traded at Rs 184,184.00 per kg on MCX, down 2.78%, on the 4 December 2026 futures. Nifty 50 rose 0.51%. India VIX rose 1.19% to 15.30. Next session is Monday, 2 November.
Quick Answer
The silver prediction for monday is cautious for Monday, 2 November 2026. Silver traded at Rs 184,184.00 per kg on the 4 December futures, down 2.78 percent, and sits well below the previous close of 189,453. It closed within about 134 rupees of the day’s low of 184,050, which shows sellers held control into the close.
This silver prediction for monday follows a Friday, 30 October 2026 session in which silver futures on MCX fell 2.78 percent after trading between 184,050 and 188,272, and closed close to the day’s low.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking silver and global cues through the weekend, with the next trading session on Monday, 2 November 2026.
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What Friday Told Us
- Silver traded at Rs 184,184.00 per kg, down 2.78 percent on the 4 December 2026 futures, with a high of 188,272.00 and a low of 184,050.00.
- Nifty 50 rose 0.51 percent.
- India VIX rose 1.19 percent to 15.30.
Silver Prediction for Monday: Key Levels
Silver (4 December 2026 futures) traded between 184,050.00 and 188,272.00 on Friday, against a previous close of 189,453.00, and settled at 184,184.00. On the downside, 184,050.00 is the first reference level to watch if the day’s move is tested. On the upside, 188,272.00 and 189,453.00 mark the nearest resistance. Univest’s analysts treat these as reference points drawn from Friday’s trading range, not as targets.
| Trend | Support | Resistance |
|---|---|---|
| Negative | 184,050.00 | 188,272.00, 189,453.00 |
MCX contracts keep trading into the evening, so the last traded price can differ from the figures above by the time you read this. The levels here use the 4 December 2026 contract.
For traders, this silver prediction for monday is a framework for planning risk, with position size and stop levels left to the individual.
Key Drivers for Monday
- Silver fell 2.78 percent on the MCX 4 December contract, with a high of 188,272.00 and a low of 184,050.00.
- Gold fell 0.78 percent, so silver fell far more than gold on the day.
- Copper fell 1.04 percent on the November contract, so base metals were also soft.
Ankit Jaiswal and Kunal Singla suggest revisiting this silver prediction for monday after the first thirty minutes of Monday’s trade.
Anyone following this silver prediction for monday should keep the next session’s opening range in view before reading too much into early moves.
What to Watch Alongside Silver
Silver often moves with gold but swings harder, so traders watch the gold-silver relationship for confirmation. Nifty Metal fell 0.54 percent on Friday, so metal equities also eased.
How Friday’s Broader Session Unfolded
The Nifty 50 closed at 23,053.10, up 0.51 percent, with a high of 23,118.10 and a low of 22,905.10. The Sensex closed at 74,459.53, up 0.42 percent, while the Bank Nifty closed at 54,686.95, down 0.41 percent. India VIX, the market’s fear gauge, rose 1.19 percent to 15.30, after ranging between 14.47 and 15.70 during the session. The Nifty 50 gained about 2.0 percent over the week from last Friday’s close of 22,600.00 and is about 0.4 percent below its close of 23,146.15 on 16 October. The Nifty Midcap 50 fell 0.86 percent and the Nifty Next 50 fell 0.61 percent, so the broader market lagged the headline index. Nifty IT rose 2.32 percent and Nifty Pharma rose 1.55 percent, while Nifty PSU Bank fell 0.93 percent and Nifty Auto fell 0.87 percent. The trigger for the split between large and broader stocks was not independently confirmed.
Univest’s analysts suggest treating this silver prediction for monday as a preparation note for Monday, 2 November 2026, rather than a signal that changes over the weekend.
Analyst View for Monday
Kunal Singla suggests that silver needs to reclaim 188,272, Friday’s high, to improve the tone, with 184,050 the support to watch.
Ankit Jaiswal flags that a close this near the low leaves silver exposed to a gap lower on Monday if the dollar firms over the weekend.
This silver prediction for monday will be most useful when read alongside the support and resistance table above.
Why This Is Written for Monday
This silver prediction for monday is written after the close on Friday, 30 October 2026, using Friday’s closing data, for the next regular trading session on Monday, 2 November 2026. Indian equity markets are closed on Saturday, 31 October, and Sunday, 1 November, so Friday’s closing prices remain the last cash-market data until trading resumes on Monday. Treat it as a briefing to prepare for that session, not a live call that updates over the weekend.
MCX futures trade late into Friday night and then pause for the weekend, so global moves after Friday’s close can open Monday with a gap.
A fair reading of this silver prediction for monday is that Friday’s data sets the context, while Monday’s first hour decides how much of it carries forward.
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Risks to This Prediction
- Silver is more volatile than gold, so a move can be sharp in either direction.
- A softer US Dollar Index when global trade resumes could help silver bounce.
- A weekend news gap can exaggerate short-term moves in the first minutes of Monday’s trade.
Readers comparing views should note that this silver prediction for monday draws only on Friday’s closing numbers and the factors listed here.
As with any silver prediction for monday, the opening minutes of Monday’s trade will confirm or challenge the levels discussed here.
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The silver prediction for monday also depends on India VIX, so a fresh rise in volatility would weaken the case made here.
Conclusion
The silver prediction for monday leans cautious into 2 November 2026, with global cues and the US Dollar Index as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Monday’s opening trade confirms direction.
Disclaimer: Investments in securities are subject to market risk. Read all related documents carefully before investing. The information provided here is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered investment adviser (Registration No. INH000013776). Past performance is not indicative of future returns.
Frequently Asked Questions
What is the silver prediction for monday?
Ans. It is cautious for 2 November 2026, after Silver traded at Rs 184,184.00 per kg on Friday, down 2.78 percent.
Why is this a prediction for Monday, 2 November 2026?
Ans. Because Indian equity markets are closed on Saturday and Sunday, so the next regular trading session after Friday, 30 October 2026, is Monday, 2 November 2026.
Why did silver fall on Friday?
Ans. Silver fell 2.78 percent on the MCX 4 December contract after trading in a range of about 4,200 rupees. The specific reason was not independently confirmed.
What are the key silver levels for Monday?
Ans. Friday’s low of 184,050.00 is the nearest support below the price. Friday’s high of 188,272.00 and the previous close of 189,453.00 are the nearest resistance.
Is this a buy or sell call?
Ans. No. This is an educational outlook from Univest’s research team, not a buy or sell call. Traders should check any view against their own risk plan before acting.
