Silver Price Prediction for Tomorrow: MCX Levels and Outlook for 18 August 2026
- August 17, 2026
- Posted by: Lakshit Sharma
- Category: Market
MCX Silver (Sep) at Rs 2,37,269/kg (+0.57%) on 17 Aug 2026. High: Rs 2,38,700. Low: Rs 2,37,008. Support: Rs 2,35,000. Resistance: Rs 2,38,700.
Quick Answer
The silver price prediction for tomorrow, 18 August 2026, is cautiously bullish on MCX. MCX Silver September futures closed at Rs 2,37,269 per kg on 17 August, gaining 0.57% on safe-haven demand and improving industrial metal sentiment. Ankit Jaiswal notes that silver needs to hold above Rs 2,35,000 for the silver price prediction for tomorrow to stay constructive, while Kunal Singla highlights Rs 2,38,700 as the key resistance for a breakout attempt.
The silver price prediction for tomorrow places MCX Silver in a consolidation zone following Monday’s 0.57% gain. The September futures contract settled at Rs 2,37,269 per kg, with an intraday high of Rs 2,38,700 and a low of Rs 2,37,008. Ankit Jaiswal, Research Analyst at Univest, notes that silver’s dual role as a safe-haven metal and an industrial commodity is creating a tug-of-war in the silver price prediction for tomorrow.
Kunal Singla, Research Analyst at Univest, observes that the silver price prediction for tomorrow is shaped by two key factors: the performance of global equity markets and industrial demand expectations. With US retail sales disappointing and Japan’s Nikkei rising 2.1% on Monday, the silver price prediction for tomorrow reflects a mixed but ultimately constructive backdrop for the metal. MCX Silver Mini at Rs 2,38,692 (+0.63%) also reflects stronger short-term momentum.
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Today’s Market Recap: Silver on 17 August 2026
- MCX Silver (Sep): Settled at Rs 2,37,269/kg, up Rs 1,345 (+0.57%). Intraday high Rs 2,38,700, low Rs 2,37,008.
- MCX Silver Mini: Closed at Rs 2,38,692 (+0.63%), showing slightly stronger momentum in the near-month contract.
- Broader Market: Nifty Metal index surged 1.26% on 17 August, reflecting bullish commodity sentiment that supports the silver price prediction for tomorrow.
Technical Analysis for Silver Prediction for Tomorrow
Ankit Jaiswal’s silver price prediction for tomorrow identifies Rs 2,35,000 to Rs 2,35,500 as the first critical support zone. This level is approximately 1% below Monday’s close and aligns with recent consolidation levels. A sustained trade above Rs 2,35,000 keeps the silver price prediction for tomorrow sideways to bullish. A breach of this level could extend the decline toward Rs 2,32,000 in the silver price prediction for tomorrow.
On the upside, the silver price prediction for tomorrow places resistance at Rs 2,38,700, which was Monday’s intraday high. Kunal Singla notes that a sustained break above Rs 2,38,700 would be bullish for the silver price prediction for tomorrow, targeting Rs 2,40,000. RSI on the daily MCX Silver chart is near the 55 to 58 zone, which supports mild bullish momentum in the silver price prediction for tomorrow without indicating overbought conditions.
Trend for 18 August 2026: Sideways to Bullish
Support: Rs 2,35,000 | Rs 2,32,000
Resistance: Rs 2,38,700 | Rs 2,40,000
Global Cues Affecting Silver Prediction for Tomorrow
- 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 18 August 2026
- MCX commodity options expiry for August contracts on 24 August 2026 approaches, increasing near-expiry volatility
- Global oil prices remain in focus amid ongoing Iran-Strait of Hormuz developments
- US Federal Reserve speakers scheduled this week may provide fresh clues on monetary policy direction
- Q1 FY27 corporate results season continues, with several mid and large-cap companies reporting on 18 August 2026
Related Instruments to Watch Tomorrow
| Name | CMP (Rs) | Day Change | Key Level for Tomorrow |
|---|---|---|---|
| Titan Company | 4,089.80 | ~+0.42% | Support: 4,050 | Resistance: 4,130 |
| Hindustan Zinc | 567.50 | +1.00% | Support: 560 | Resistance: 576 |
| Tata Steel | ~950 | ~+1.00% | Support: 940 | Resistance: 965 |
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Strategy for Silver on 18 August 2026
- Buy MCX Silver near Rs 2,35,000 to 2,35,500 on dips with stop-loss at Rs 2,33,500 for the silver price prediction for tomorrow
- A break above Rs 2,38,700 with volume confirms bullish bias; trail stop at Rs 2,37,000 targeting Rs 2,40,000
- Avoid short-side bets unless silver falls decisively below Rs 2,35,000 on the silver price prediction for tomorrow
- Keep position sizes moderate given MCX options near-expiry volatility in the August series
What Does Sentiment Indicate for Silver Prediction for Tomorrow?
Sentiment for the silver price prediction for tomorrow is cautiously positive. The Nifty Metal index advancing 1.26% on 17 August reflects broad commodity buying that benefits both industrial and precious metals. Ankit Jaiswal notes that the silver price prediction for tomorrow is particularly sensitive to global industrial output data, and with China’s manufacturing sector showing resilience, near-term silver demand remains stable.
Kunal Singla observes that the silver price prediction for tomorrow is further supported by the safe-haven premium attached to precious metals in the current environment. US consumer confidence at a multi-month low and weak retail sales add a defensive tone to markets, indirectly benefiting the silver price prediction for tomorrow. As long as MCX Silver holds Rs 2,35,000, the silver price prediction for tomorrow stays constructive for 18 August 2026.
Risks to Tomorrow’s Prediction
- A sharp sell-off in global industrial metal prices driven by weak Chinese demand data could pressure the the Silver outlook for 18 August
- A strong US dollar rally overnight could compress silver prices and alter the tomorrow’s MCX Silver forecast
- Near-month MCX options expiry on 24 August may introduce short-term volatility around the Tuesday’s Silver price outlook
- Any broad risk-off move in global markets could briefly drag silver below its support levels despite safe-haven demand
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Conclusion
The the MCX Silver forecast, 18 August 2026, is sideways to bullish, with MCX Silver having closed at Rs 2,37,269 per kg on Monday. Ankit Jaiswal’s the 18 August Silver outlook places critical support at Rs 2,35,000 and key resistance at Rs 2,38,700. Kunal Singla notes that a close above Rs 2,38,700 on 18 August would open the path toward Rs 2,40,000.
Traders should use stop-losses based on the Silver’s price outlook for tomorrow and stay alert to overnight COMEX cues. Download the Univest app for real-time MCX alerts and expert analyst research on the the Silver outlook for 18 August.
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 tomorrow’s MCX Silver forecast, 18 August 2026?
Ans. The Tuesday’s Silver price outlook is sideways to bullish. MCX Silver settled at Rs 2,37,269 per kg on 17 August (+0.57%). Support is at Rs 2,35,000 and resistance at Rs 2,38,700. Ankit Jaiswal notes the the MCX Silver forecast stays bullish as long as MCX Silver holds Rs 2,35,000.
What are the MCX silver support and resistance levels for 18 August 2026?
Ans. The the 18 August Silver outlook places immediate support at Rs 2,35,000 to Rs 2,35,500. Strong support is at Rs 2,32,000. On the upside, resistance stands at Rs 2,38,700 (Monday’s high), followed by Rs 2,40,000. These are the key levels in the Silver’s price outlook for tomorrow as assessed by Ankit Jaiswal and Kunal Singla.
How do global metal cues affect the the Silver outlook for 18 August?
Ans. Global metal cues are mixed but broadly positive for the tomorrow’s MCX Silver forecast. Nifty Metal in India gained 1.26% on Monday. COMEX silver and gold both rose, driven by safe-haven demand and a soft US dollar. The Tuesday’s Silver price outlook benefits from both the industrial metal rally and safe-haven buying triggered by weak US economic data.
How does the the MCX Silver forecast compare with gold?
Ans. Both the the 18 August Silver outlook and the gold price prediction show sideways to bullish bias. MCX Gold rose 0.46% and MCX Silver rose 0.57% on 17 August, making silver the stronger performer. Kunal Singla notes that when silver outperforms gold, it often signals improving industrial confidence, which could add upside to the Silver’s price outlook for tomorrow.
What is the trading strategy for the the Silver outlook for 18 August?
Ans. For the tomorrow’s MCX Silver forecast, Ankit Jaiswal recommends buying MCX Silver near Rs 2,35,000 with a stop below Rs 2,33,500. Kunal Singla advises that a break above Rs 2,38,700 can be chased with a trailing stop at Rs 2,37,000, targeting Rs 2,40,000. Use conservative position sizes given near-expiry MCX volatility in the Tuesday’s Silver price outlook.