Silver Prediction for Tomorrow, Monday 3 August 2026: MCX Levels Heading Into the New Week
- August 2, 2026
- Posted by: Kunal Singla
- Category: News
Silver prediction for tomorrow: Rs 217,646 per kg, -1.06% Friday. Watch Rs 217,000 support, Rs 219,900 resistance. RBI week opens tomorrow.
Anyone building a silver prediction for tomorrow has one clean data point to work from: MCX Silver September futures settled Friday’s session at Rs 217,646 per kg, a move of -1.06% from Thursday’s Rs 219,967 close, with no fresh trade over the weekend to update that picture before Monday’s reopening. 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.
This silver prediction for tomorrow was put together by Univest analysts Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director, working from Friday’s settlement prices and the calendar of events landing through the coming week. Ankit Jaiswal walks through the chart setup, and Kunal Singla adds the positioning and macro angle that could move the contract once trade resumes.
Friday’s Session: What It Means for Tomorrow’s Silver
- MCX Silver September futures settled at Rs 217,646 per kg on Friday, a -1.06% move from Thursday’s 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.
- With the contract expiring 4 September, rollover positioning is a factor traders should have on their radar heading into tomorrow.
Silver Levels to Watch Tomorrow
| Metric | Level |
|---|---|
| Friday Settlement | Rs 217,646 (-1.06%) |
| Watch Support | Rs 217,000 / Rs 215,500 |
| Watch Resistance | Rs 219,900 / Rs 221,000 |
| Contract Expiry | 4 September |
For tomorrow’s silver prediction for tomorrow, Ankit Jaiswal is watching Rs 217,000 first; a session that holds above that level keeps the setup on a stable footing, while a break sends the contract toward Rs 215,500. On the other side, clearing Rs 219,900 would put Rs 221,000 back on the table.
Contract Watch: F&O Notes for Tomorrow’s Silver Prediction for Tomorrow
MCX Silver September futures runs through to 4 September, and Kunal Singla points out that open interest typically builds through the first half of an expiry cycle before rollover trade takes over. Currency swings around the RBI verdict this week are worth tracking too, since they tend to filter into MCX pricing alongside the contract’s own supply and demand fundamentals.
Global and Policy Backdrop Ahead of Tomorrow’s Silver Prediction for Tomorrow
Tomorrow also marks the opening day of the RBI Monetary Policy Committee’s three day meeting, with the rate verdict due Wednesday, 5 August. The repo rate has been held at 5.25 percent across three straight reviews, and a fourth pause is the consensus view heading in.
Overnight on Wall Street, the Nasdaq surged 2.78 percent and the S&P 500 added 1.66 percent on Thursday as Microsoft led a broad tech rebound, a day after a Fed driven selloff. Brent crude settled near 89 dollars a barrel after an earlier spike past 93 dollars on Iran related strikes, and Gift Nifty was trading close to 24,422 on Friday morning.
How to Approach Tomorrow’s Session
- Anchor tomorrow’s trade to Rs 217,000; staying above it keeps this silver prediction for tomorrow on a constructive footing.
- A push through Rs 219,900 would be the cue to look for continuation toward Rs 221,000 in this silver prediction for tomorrow.
- Scale into positions rather than going all in, with the RBI verdict still three sessions away.
- Set stops below Rs 215,500 so a single bad session does not undo the broader thesis behind this silver prediction for tomorrow.
What Could Go Wrong: Risks to the Silver Prediction for Tomorrow
- A firmer dollar out of a hawkish RBI or Fed tone would be the clearest headwind for this silver prediction for tomorrow, especially in gold and silver.
- Any weekend flare up in the Iran-US standoff could send the whole commodity complex swinging sharply at Monday’s open.
- Expect choppier trade as 4 September approaches and positions begin rolling to the next contract month.
- A fade in Thursday’s Wall Street strength once Friday’s US session wraps up could dent risk appetite across commodities before Monday.
Conclusion
Heading into tomorrow, this silver prediction for tomorrow points to MCX Silver September futures holding a band between Rs 217,000 and Rs 219,900, with the RBI’s three day policy meeting opening the same day as the standout event for the week. Ankit Jaiswal and Kunal Singla both say Wednesday’s verdict, not tomorrow’s open, is the date that matters most for where this silver prediction for tomorrow eventually lands.
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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 tomorrow, Monday 3 August 2026?
Ans. The silver prediction for tomorrow points to MCX Silver September futures trading between Rs 217,000 support and Rs 219,900 resistance, based on Friday’s settlement of Rs 217,646 per kg.
Where should traders watch for support and resistance tomorrow?
Ans. Support sits at Rs 217,000 then Rs 215,500; resistance is at Rs 219,900 then Rs 221,000.
When does MCX Silver September futures expire?
Ans. MCX Silver September futures runs through to 4 September, a date worth watching for rollover related swings in this silver prediction for tomorrow.
Why does the RBI meeting matter for tomorrow’s commodity trade?
Ans. The RBI Monetary Policy Committee opens its meeting tomorrow, with the verdict due Wednesday. Currency moves tied to that decision often carry through into MCX pricing, particularly for gold and silver.
What are Ankit Jaiswal and Kunal Singla saying about this silver prediction for tomorrow?
Ans. Ankit Jaiswal is watching whether Friday’s -1.06% move extends or fades tomorrow, while Kunal Singla flags the RBI verdict and global crude trends as the bigger drivers for the week.
What drove silver 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 global cues matter heading into tomorrow?
Ans. Brent crude settled near 89 dollars a barrel after an earlier spike past 93 dollars on Iran related strikes, and Wednesday’s RBI verdict is the dominant domestic trigger for the week ahead.
Is it a good time to add fresh silver positions?
Ans. Univest analysts suggest scaling in rather than committing fully ahead of Wednesday’s RBI decision, and recommend speaking with a SEBI-registered financial advisor before making investment decisions.
