{"id":328627,"date":"2026-10-27T15:49:34","date_gmt":"2026-10-27T10:19:34","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=328627"},"modified":"2026-10-27T15:49:34","modified_gmt":"2026-10-27T10:19:34","slug":"silver-price-outlook-can-silver-hit-rs-2-84-lakh-per-kg-ahead-of-diwali-2026-mcx-levels-fed-risk-and-demand-explained","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/silver-price-outlook-can-silver-hit-rs-2-84-lakh-per-kg-ahead-of-diwali-2026-mcx-levels-fed-risk-and-demand-explained\/","title":{"rendered":"Silver Price Outlook: Can Silver Hit Rs 2.84 Lakh Per Kg Ahead of Diwali 2026? MCX Levels, Fed Risk and Demand Explained"},"content":{"rendered":"

MCX December silver fell by about Rs 4,000 to near Rs 1,91,800 per kg at 12:52 PM on Tuesday, 27 Oct 2026, from about Rs 1,94,400 in the morning, while spot silver traded near USD 53.7 an ounce. To reach Rs 2.84 lakh per kg, MCX silver would have to rise about 48% (my calculation), and the analyst ranges I could verify stop at Rs 2,06,000 per kg.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The silver price outlook for Diwali 2026 does not support Rs 2.84 lakh per kg in the sources I found, because the highest verified analyst range is Rs 2,00,000 to Rs 2,06,000 per kg from Kedia Advisory, and another expert expected Rs 2.2 lakh to Rs 2.3 lakh on 17 Oct. MCX silver is near Rs 1,91,800, which is about 15% below the Rs 2.26 lakh level reported earlier in October (my calculation). Pressure comes from a firm dollar, expectations of a Fed rate hike in December and weak industrial demand worries. This is educational and not a recommendation.<\/p>\n<\/p><\/div>\n

The silver price outlook before Diwali is shaped by one event this week, the US Federal Reserve decision on 28 Oct, and by how far silver has already fallen. This article reads the silver price outlook through current MCX levels, the maths behind the Rs 2.84 lakh headline, what analysts actually said and the factors that could move silver before Diwali on 8 Nov.<\/p>\n

The silver price today is about Rs 1,91,800 per kg on MCX, and I could not find the source of the Rs 2.84 lakh per kg figure in any report, and I could not retrieve a technical indicator reading for silver. The figure may come from a longer-term forecast, so treat it as unverified. It is educational and not advice.<\/p>\n

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