Silver Prediction for Tomorrow, 21 July 2026: MCX Silver Jumps 1.21 Percent to Rs 2,19,013
- July 20, 2026
- Posted by: Kunal Singla
- Category: News
Silver prediction for tomorrow 21 July 2026: MCX Silver September futures closed at Rs 2,19,013, up 1.21 percent. Support Rs 2,16,500. Resistance Rs 2,21,000 and Rs 2,24,000.
Silver prediction for tomorrow: MCX Silver September futures rose to close at Rs 2,19,013 on Monday, up 1.21 percent, outpacing gold’s own gain the same session as the metal’s characteristic higher-beta behaviour reasserted itself amid rupee weakness and a genuinely volatile day for crude oil. This silver prediction for tomorrow is built on Friday, 10 July 2026’s closing data, the last completed session before markets reopen on Monday, 13 July 2026.
Ankit Jaiswal, Senior Research Analyst at Univest, notes that the silver prediction for tomorrow shows the metal benefiting from the same rupee-driven support lifting gold, but with a sharper move, consistent with silver’s tendency to overshoot gold in both directions during periods of currency and commodity volatility.
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Market Recap Behind the Silver prediction for tomorrow
Silver opened at Rs 2,19,199, touched a high of Rs 2,20,408 and a low of Rs 2,17,804 before closing at Rs 2,19,013, its strongest session in several days. This came alongside a weaker rupee and a genuinely eventful session for crude oil, both of which appear to have added to silver’s own dual precious-industrial appeal.
Silver prediction for tomorrow: Trend and Key Levels
Trend: Bullish Above Rs 2,16,500
| Level Type | Value |
|---|---|
| Support 1 | Rs 2,16,500 |
| Support 2 | Rs 2,14,000 |
| Resistance 1 | Rs 2,21,000 |
| Resistance 2 | Rs 2,24,000 |
Ankit Jaiswal flags Rs 2,16,500 as the key support for the silver prediction for tomorrow, with Rs 2,21,000 as the first resistance. A close above Rs 2,24,000 would confirm renewed momentum, while a break under Rs 2,14,000 would suggest Monday’s gain is fading.
Why Silver Outpaced Gold on Monday
Brent crude topped 90 dollars a barrel for the first time this cycle on Monday, the ninth straight day of US airstrikes on Iran, before easing off those highs after Iran signalled it had received a mediation proposal. Domestically, Q1 FY27 earnings dominated the session: HDFC Bank and Axis Bank both fell around 5 percent on sequential margin compression, while ICICI Bank and Reliance Industries beat estimates and PSU banks surged on strong results. The rupee weakened to around 96.40 per dollar. Ankit Jaiswal notes that silver’s sharper move relative to gold is consistent with its characteristic higher volatility, with the metal responding to both the rupee’s weakness and the broader uncertainty from crude oil’s dramatic intraday swing.
Key Triggers in the Silver prediction for tomorrow
These triggers dominate the outlook heading into Monday, 13 July 2026:
- Rupee direction: Continued weakness would keep supporting silver, likely more sharply than gold given the metal’s typical volatility.
- Industrial demand signals: Silver’s dual identity means broader economic data remains relevant independent of the currency story.
- Any Iran-US mediation progress: Would ease the crude-linked uncertainty currently adding to silver’s appeal.
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Related Precious Metals to Watch
Gold’s more modest gain makes it a useful comparison point alongside the silver prediction for tomorrow.
Gold: MCX Gold rose a more modest 0.66 percent Monday, less than silver’s own gain.
Crude Oil: Spiked above Rs 8,150 intraday before easing to close lower, a key driver of both the rupee weakness and broader uncertainty.
Risks to the Silver prediction for tomorrow
These factors can invalidate this outlook:
- Rupee stabilising: Would remove a key support currently lifting silver.
- Weak industrial data: Would offset some of the metal’s currency-driven strength given its industrial exposure.
- A genuine Iran-US de-escalation: Could ease both crude oil and rupee pressure, a mixed outcome for silver specifically.
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Conclusion
The silver prediction for tomorrow, 21 July 2026, is bullish above Rs 2,16,500, after the metal outpaced gold’s own gain on Monday amid rupee weakness and a volatile session for crude oil. Ankit Jaiswal flags Rs 2,16,500 as the key support in the silver prediction for tomorrow, with currency direction the central theme heading into Tuesday.
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).
FAQs on the Silver prediction for tomorrow
What is the silver prediction for tomorrow, 21 July 2026?
Ans. The silver prediction for tomorrow, 21 July 2026, is bullish above Rs 2,16,500. MCX Silver September futures closed at Rs 2,19,013 on Monday, up 1.21 percent, outpacing gold’s own gain.
Which analyst gave the silver prediction for tomorrow?
Ans. Ankit Jaiswal, Senior Research Analyst at Univest, has shared the silver prediction for tomorrow, flagging Rs 2,16,500 as the key support level.
Why did silver rise more than gold on Monday?
Ans. Silver rose 1.21 percent on Monday versus gold’s 0.66 percent gain, reflecting silver’s characteristic higher volatility as the metal responded more sharply to both rupee weakness and the broader uncertainty from crude oil’s dramatic intraday swing above 90 dollars a barrel.
Is the silver prediction for tomorrow driven by the same factors as gold?
Ans. Largely yes, since both metals benefited from rupee weakness on Monday, though the silver prediction for tomorrow notes the metal’s own industrial demand exposure and typically higher volatility add further factors specific to silver.
