Silver Prediction for Tomorrow, 23 October 2026

This silver prediction for tomorrow follows a Thursday, 22 October 2026 session in which silver futures on MCX fell 2.77 percent, a second straight decline, and closed near the day's low.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking silver and global cues ahead of the session tomorrow, which falls on Friday, 23 October 2026.

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What Thursday Told Us

• Silver traded at Rs 203,381.00 per kg, down 2.77 percent on the 4 December 2026 futures, with a high of 206,000.00 and a low of 202,443.00.
• Nifty 50 fell 0.54 percent.
• India VIX rose 0.96 percent to 15.83.

Silver Prediction for Tomorrow: Key Levels

Silver (4 December 2026 futures) traded between 202,443.00 and 206,000.00 on Thursday, against a previous close of 209,168.00, and settled at 203,381.00. On the downside, 202,443.00 is the first reference level to watch if the day's move is tested. On the upside, 206,000.00 and 209,168.00 mark the nearest resistance. Univest's analysts treat these as reference points drawn from Thursday's trading range, not as targets.

Trend	Support	Resistance
Negative	202,443.00	206,000.00, 209,168.00

MCX contracts keep trading into the evening, so the last traded price can differ from the figures above by the time you read this. The levels here use the 4 December 2026 contract.

For traders, this silver prediction for tomorrow is a framework for planning risk, with position size and stop levels left to the individual.

Key Drivers for Tomorrow

• Silver fell 2.77 percent on the MCX 4 December contract, with a high of 206,000.00 and a low of 202,443.00.
• Gold fell 0.88 percent, so silver fell more than three times as much.
• Copper fell 1.83 percent and zinc fell 0.60 percent, so industrial metals were also lower.

Anyone following this silver prediction for tomorrow should keep the next session's opening range in view before reading too much into early moves.

What to Watch Alongside Silver

Silver often moves with gold but swings harder, so traders watch the gold-silver relationship for confirmation. Nifty Metal fell 0.52 percent on Thursday, a smaller fall than the MCX metals.

How Thursday's Broader Session Unfolded

The Nifty 50 closed at 22,687.65, down 0.54 percent, with a high of 22,785.00 and a low of 22,554.85. The Sensex closed at 73,249.39, down 0.62 percent, and the Bank Nifty closed at 54,925.70, down 0.09 percent. India VIX, the market's fear gauge, rose 0.96 percent to 15.83, which keeps expected swings in the near term on the wider side. The Nifty 50 has now fallen about 2 percent from last Friday's close of 23,146.15, with Thursday adding to Wednesday's 0.34 percent decline. Nifty FMCG fell 1.41 percent and Nifty IT fell 1.05 percent, while Nifty Pharma rose 0.12 percent. The trigger for the broad fall was not independently confirmed.

Univest's analysts suggest treating this silver prediction for tomorrow as a preparation note for Friday, 23 October 2026, rather than a signal that changes overnight.

Analyst View for Tomorrow

Kunal Singla suggests that silver needs to reclaim 206,000 to turn the tone constructive, with 202,443 the support to watch.

Ankit Jaiswal flags that a fall of nearly 3 percent after a 1.33 percent fall on Wednesday is a sharp two-day slide, so volatility is likely to stay high.

This silver prediction for tomorrow will be most useful when read alongside the support and resistance table above.

Why This Is Written for Tomorrow

This silver prediction for tomorrow is written after the close on Thursday, 22 October 2026, using Thursday's closing data, for the next trading session on Friday, 23 October 2026. Treat it as a briefing to prepare for that session, not a live call that updates through the evening.

MCX futures trade into Thursday night, so global moves late on Thursday can shift Friday's opening price.

A fair reading of this silver prediction for tomorrow is that Thursday's data sets the context, while Friday's first hour decides how much of it carries forward.

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Risks to This Prediction

• Silver is more volatile than gold, so a rebound can be as sharp as the fall.
• A firmer US Dollar Index overnight could extend the fall.
• Weak industrial demand signals could keep base metals under pressure.

Readers comparing views should note that this silver prediction for tomorrow draws only on Thursday's closing numbers and the factors listed here.

As with any silver prediction for tomorrow, the opening minutes of Friday's trade will confirm or challenge the levels discussed here.

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The silver prediction for tomorrow also depends on India VIX, so a fresh rise in volatility would weaken the case made here.

Conclusion

The silver prediction for tomorrow leans cautious into 23 October 2026, with global cues and the US Dollar Index as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Friday's opening trade confirms direction.

Disclaimer: Investments in securities are subject to market risk. Read all related documents carefully before investing. The information provided here is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered investment adviser (Registration No. INH000013776). Past performance is not indicative of future returns.

Frequently Asked Questions

What is the silver prediction for tomorrow?

Ans. It is cautious for 23 October 2026, after Silver traded at Rs 203,381.00 per kg on Thursday, down 2.77 percent.

Why is this a prediction for tomorrow, 23 October 2026?

Ans. Because it is written after the close on Thursday, 22 October 2026, for the next regular trading session on Friday, 23 October 2026.

Why did silver fall on Thursday?

Ans. Silver fell 2.77 percent on the MCX 4 December contract, more than gold. The specific reason was not independently confirmed.

What are the key silver levels for tomorrow?

Ans. Thursday's low of 202,443.00 is the nearest support below the price, while Thursday's high of 206,000.00 and the previous close of 209,168.00 are the nearest resistance.

Is this a buy or sell call?

Ans. No. This is an educational outlook from Univest's research team, not a buy or sell call. Traders should check any view against their own risk plan before acting.