Silver Price Prediction for Tomorrow: MCX Levels and Outlook for Monday 24 August 2026
- August 23, 2026
- Posted by: Kunal Singla
- Category: Predictions
MCX Silver at Rs 2,47,612/kg (+1.27%) on 18 Aug 2026. High: Rs 2,49,352. Low: Rs 2,45,000. Support: Rs 2,36,000. Resistance: Rs 2,49,352.
Quick Answer
The silver price prediction for Monday, Monday 24 August 2026, is sideways to bearish. MCX Silver Mini settled at Rs 2,47,612/kg (+1.27%) on 21 August, its sharpest single-day decline in the current cycle. Ankit Jaiswal places support at Rs 2,36,000 (near today’s low of Rs 2,45,000) and resistance at Rs 2,49,352 for the silver price prediction for Monday. Kunal Singla notes that RSI approaching 40 to 43 creates a potential technical bounce setup in the silver price prediction for Monday.
The silver price prediction for Monday follows a sharp +1.27% decline in MCX Silver Mini on 21 August 2026. The contract opened at Rs 2,45,000, briefly touched Rs 2,49,352, then sold sharply to a low of Rs 2,45,000, closing at Rs 2,47,612. Ankit Jaiswal, Research Analyst at Univest, notes that silver’s steeper decline than gold (+1.24%) reflects its higher industrial metal component as Nifty Metal also fell +0.86% today.
Kunal Singla, Research Analyst at Univest, observes that the silver price prediction for Monday has a technical dimension: RSI has slipped to 40 to 43, approaching oversold territory. The MCX Silver November contract at Rs 2,43,130 (-0.97%) confirms longer-term demand, providing a structural support for the silver price prediction for Monday. Iran-Hormuz tensions also continue to provide a geopolitical floor for precious metals.
Click Here – Get Free Investment Predictions
Today’s Market Recap: Silver on 21 August 2026
- MCX Silver (Mini 31 Aug): Settled at Rs 2,47,612/kg (+1.27%). Intraday range Rs 2,45,000 to Rs 2,49,352.
- MCX Silver (Sep): Closed at Rs 2,35,387 (-1.12%), confirming broad precious metal weakness.
- Industrial Context: Nifty Metal fell +0.86% and Copper +0.91% on 21 August, weighing on silver’s industrial component in the silver price prediction for Monday.
Silver Price Prediction for Monday: Technical Analysis
Ankit Jaiswal’s silver price prediction for Monday identifies Rs 2,36,000 as the immediate support, just above today’s low of Rs 2,45,000. A hold above Rs 2,36,000 keeps the silver price prediction for Monday sideways. A break below targets Rs 2,34,000.
Resistance at Rs 2,49,352 (today’s high) is the first hurdle. Kunal Singla notes that RSI near 40 creates a potential bounce zone in the silver price prediction for Monday. A recovery above Rs 2,49,352 targets Rs 2,39,000 in the silver price prediction for Monday.
Trend for 24 August 2026 (Monday): Sideways to Bearish
Support: 2,36,000 | 2,34,000
Resistance: 2,49,352 | 2,39,000
Global Cues for Silver Price Prediction for Monday
- US Markets (14 Aug close): Dow Jones at 53,732 (-0.20%), S&P 500 at 7,785 (-0.20%), Nasdaq at 26,729 (-0.30%). Weak retail sales data (-0.6% in July) and subdued University of Michigan consumer sentiment (51, below forecast 55) signal caution.
- Asian Markets: Japan’s Nikkei 225 gained 2.1% to 66,970 on Monday, providing a partially positive cue for Asian risk assets.
- Institutional Flows (14 Aug): FII were net buyers of Rs 508 Cr and DII were net buyers of Rs 356 Cr in the cash segment, reflecting continued institutional support for Indian equities.
Key Events for 24 August 2026 (Monday)
- MCX Silver Mini 24 Aug options expire on Monday 24 August — Silver traders must roll to September contracts before market open on Monday
- MCX Copper and Natural Gas 24 Aug options also expire on Monday 24 August — significant rollover activity expected across base metals
- US EIA natural gas storage report (weekly) remains the primary fundamental driver for natural gas price predictions for Monday
- Weekend geopolitical developments (Iran-Strait of Hormuz) and global commodity sentiment will shape the Monday 24 August commodity market opening
Stocks Linked to Silver Price Prediction for Monday
| Name | CMP (Rs) | Day Change | Key Level for Tomorrow |
|---|---|---|---|
| Titan Company | 4,080 | -0.20% | Support: 4,050 | Resistance: 4,130 |
| Hindustan Zinc | 565 | -0.50% | Support: 558 | Resistance: 576 |
| Tata Steel | 940 | -0.60% | Support: 928 | Resistance: 955 |
Explore Silver-Linked Stocks on Univest Screener
Trading Strategy for Silver on Monday 24 August 2026
- Buy MCX Silver near Rs 2,36,000 with stop below Rs 2,34,500 for the silver price prediction for Monday
- A break above Rs 2,49,352 targets Rs 2,39,000; trail stop at Rs 2,36,200 in the silver price prediction for Monday
- RSI near oversold (40-43) creates a technical bounce setup: watch for intraday reversal candlesticks in the silver price prediction for Monday
- Avoid new shorts unless MCX Silver breaks Rs 2,36,000 cleanly in the silver price prediction for Monday
What Does Sentiment Indicate for Silver Price Prediction for Monday?
Sentiment for the silver price prediction for Monday is cautiously negative. The +1.27% decline is the sharpest recent session for silver. Ankit Jaiswal notes silver’s dual headwind: weak precious metals (gold +1.24%) and weak industrial metals (Nifty Metal +0.86%).
Kunal Singla observes that the silver price prediction for Monday may find a technical floor near Rs 2,36,000 given RSI approaching 40. The November contract at Rs 2,43,130 confirms longer-term demand, providing structural support. The silver price prediction for Monday stays sideways above Rs 2,36,000 rather than breaking down further.
Risks to Silver Price Prediction for Monday
- A further decline in global base metal prices (weak China PMI) would deepen the silver price prediction for Monday decline
- COMEX silver breaking below $29/oz overnight would trigger stop-losses and worsen the silver price prediction for Monday
- MCX options expiry on 24 August could amplify intraday volatility in the silver price prediction for Monday
- A sharp US dollar rally would compress all precious metals and worsen the silver price prediction for Monday
Download the Univest iOS App or Univest Android App to track live MCX silver prices and get expert silver price predictions.
Conclusion
The silver price prediction for Monday, Monday 24 August 2026, is sideways to bearish. MCX Silver settled at Rs 2,47,612/kg (+1.27%). Ankit Jaiswal’s silver price prediction for Monday places support at Rs 2,36,000 and resistance at Rs 2,49,352. Kunal Singla notes RSI near 40 to 43 could trigger a technical bounce.
Monitor COMEX silver overnight and watch Rs 2,36,000 support for the silver price prediction for Monday. Download the Univest app for live MCX silver prices and expert research.
Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest Research Analyst Registration No. INH000013776.
Frequently Asked Questions
What is the silver price prediction for Monday, Monday 24 August 2026?
Ans. the silver price outlook for 21 August is sideways to bearish. MCX Silver settled at Rs 2,47,612/kg (+1.27%) on 21 August. Support at Rs 2,36,000, resistance at Rs 2,49,352. Ankit Jaiswal notes RSI near 40 could trigger a bounce in the Monday’s MCX silver price forecast.
What caused MCX silver to fall on 21 August 2026?
Ans. MCX Silver fell +1.27% due to broad precious and industrial metal weakness. Nifty Metal fell +0.86% and gold declined +1.24%. Kunal Singla notes the dual character of silver as the primary reason for its larger decline in the Wednesday’s silver price outlook.
What are MCX silver support levels for Monday 24 August 2026?
Ans. the 21 August silver price outlook places immediate support at Rs 2,36,000 (near today’s low Rs 2,45,000) and strong support at Rs 2,34,000. Resistance is at Rs 2,49,352 and Rs 2,39,000.
Is there a bounce potential in the MCX silver price forecast for Monday?
Ans. Yes. RSI on the daily MCX Silver chart has slipped to 40 to 43, approaching oversold territory. Kunal Singla notes this creates a potential technical bounce setup in the silver price’s 21 August outlook, especially if global industrial metals stabilise overnight.
What is the silver trading strategy for Monday 24 August 2026?
Ans. For the silver price outlook for 21 August, Ankit Jaiswal recommends buying near Rs 2,36,000 with stop below Rs 2,34,500. Kunal Singla advises chasing a break above Rs 2,49,352 targeting Rs 2,39,000.
