Silver Price Prediction for Monday, 17 August 2026: MCX Silver Corrects 0.80 Percent to Rs 2,36,198 After Wednesday's Strong Bounce as Crude Fall Reduces Industrial Metal Urgency

The silver price prediction for Monday for Monday 17 August 2026 is shaped by Thursday's twin macro developments: MCX Crude Oil crashing -1.88% to Rs 7,803 ; its sharpest single-day fall this week and lowest level since before Tuesday's Iran-deal-stall surge ; and TCS bouncing +1.08% to Rs 2,356, confirming IT sector recovery after Wednesday's -3.93% crash. Nifty 50 closed at 24,354.85 (-0.17%) in its fourth consecutive opening-high distribution session, while the Sensex defied the trend at 77,931.10 (-0.19%). Bank Nifty slipped -0.43% to 57,459.10 after ICICI Bank fell -1.74%, blocking the Day 6 banking rotation for a second consecutive day.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, frame the silver price prediction for Monday around crude oil's -1.88% Thursday fall as the dominant macro shift heading into Friday. At Rs 7,803 ; down from Rs 8,024 on Tuesday in just two sessions ; crude's 3% retreat provides substantial input cost relief to auto, FMCG, cement and chemicals sectors. Simultaneously, IT sector recovery (TCS -0.80% (Day 2 IT stalled), HCL Tech +0.34%) provides a second positive catalyst. Together, these two themes make the silver price prediction for Monday the most opportunity-rich of the week, even as banking consolidates after Thursday's ICICI Bank +0.40% (finally recovered Friday).

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Thursday's Market Recap for the silver price prediction for Monday

Indicator	Fri 17 Aug Close (Groww)	Change	Signal for Friday
Nifty 50	24,354.85	-0.16%	4th Open=High distribution; L:24,311; floor at 24,265 intact
Sensex	77,931.10	+0.15%	Only index green; TCS -0.80% (Day 2 IT stalled) drove this; L:77,399
Bank Nifty	57,459.10	-0.43%	Open=High session; ICICI +0.40% (finally recovered) primary drag; L:57,548
MCX Crude Oil	Rs 7,803/bbl	-1.88%	Largest single-day fall this week; below Rs 7,800; Iran deal signals
MCX Gold	Rs 1,52,220/10g	-0.37%	Mild pullback from Wed high; L:1,52,250; support intact
MCX Silver	Rs 2,36,198/kg	-0.80%	Correcting from Wed bounce; L:2,34,700
MCX Copper	Rs 1,373.55/kg	-0.29%	Mild dip; L:1,357.55; industrial demand intact
MCX Zinc	Rs 398.30/kg	-0.51%	L:390.45; supply deficit still alive
MCX Nat Gas	Rs 263.70/MMBTU	-0.60%	L:265.80; consolidating above Rs 265
TCS	Rs 2,356	+1.08%	IT Day 1 recovery; NASDAQ bounce confirmed; H:2,375
ICICI Bank	Rs 1,412.40	-1.74%	Day 6 rotation failed; Rs 1,435 held; new support Rs 1,395-1,410
SBI	Rs 1,083	+0.09%	PSU banking stable; H:1,086.80; floor at Rs 1,073
Reliance	Rs 1,317	-0.90%	Worst session this week; L:1,307.20; crude fall helps O2C Fri

silver price prediction for Monday: Key Factors for Friday

• MCX Silver's Thursday session had an opening-high pattern (High=Open=Rs 2,40,667) ; sellers arrived at Wednesday's closing level on Thursday's first tick and pushed the metal lower through the session to Rs 2,34,700. This is the same opening-high distribution that Nifty has been showing for five consecutive sessions. for Friday's session, Rs 2,34,700 is the confirmed intraday floor ; a clean break below this on Friday would signal the correction is extending toward Rs 2,29,000-2,31,000.
• Crude oil crashing -1.88% to Rs 7,803 Thursday has a nuanced effect on the silver price prediction for Monday. Lower crude reduces manufacturing energy costs for silver-intensive industries (solar panels, electronics, electrical contacts) ; mild positive for industrial silver demand. But it also reduces the inflation-urgency that drove Wednesday's precious metals rally. Net effect: the silver price prediction for Monday gets a slight industrial demand positive from crude's fall while losing some inflation-hedge premium.
• MCX Zinc fell -0.51% to Rs 398.30 Thursday while MCX Copper fell -0.29% to Rs 1,373.55. for Friday's session, base metals and silver both correcting on the same day (after Wednesday's triple-metal positive) confirms Thursday's session was broad profit-taking rather than a change in fundamental demand. Kunal Singla reads this as a one-day correction within an ongoing precious-plus-base metals recovery trend.
• COMEX Silver pre-market Friday is Friday's primary overnight signal. COMEX Silver above USD 30.80/oz overnight = Thursday's dip was absorbed; below USD 30.00/oz = correction extends Friday. Ankit Jaiswal identifies the Rs 2,34,000-2,35,500 support zone as Friday's critical floor ; this was the bottom of Wednesday's bounce and defines whether the silver recovery is still alive heading into Friday.

Technical Levels for the silver price prediction for Monday

Level	Zone	Why It Matters
Primary Support	Rs 2,34,000-2,35,500	Confirmed buyer zone from Thursday's session; DII accumulation visible
Secondary Support	Rs 2,29,000-2,31,000	Deeper correction floor ; only matters if primary breaks on Friday
Immediate Resistance	Rs 2,40,000-2,41,500	First recovery target for Friday; partial booking zone
Extended Resistance	Rs 2,44,000-2,46,000	Breakout target if Friday session builds on Thursday momentum

Stocks Flagged for the silver price prediction for Monday

Stock	Thu Close	Entry Zone	Target	Stop Loss	Analyst	Why Now
Hindustan Zinc	Rs 590 est.	Rs 585-595	Rs 618	Rs 570	Ankit Jaiswal	Primary silver equity play ; Hindustan Zinc is India's largest silver producer. Silver price prediction for Monday at Rs 2,34,000-2,35,500 support = Hindustan Zinc entry opportunity.
Hindalco	Rs 748 est.	Rs 742-750	Rs 772	Rs 728	Kunal Singla	Hindalco participates in the industrial metals complex alongside the silver price prediction for Monday through copper and aluminium businesses.
Titan Company	Rs 4,920 est.	Rs 4,888-4,925	Rs 5,055	Rs 4,820	Ankit Jaiswal	Titan silver jewellery segment tracks silver prices. Silver price prediction for Monday above Rs 2,34,000 keeps Titan silver product economics intact.

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Strategy for the silver price prediction for Monday Session

1. Rs 2,34,000-2,35,500 is Friday's buy-on-dip zone for Friday's session. Ankit Jaiswal recommends entering silver near this level with Rs 2,29,000 stop and targeting Rs 2,40,000-2,41,500 resistance.
2. If COMEX Silver is above USD 30.80/oz pre-market Friday, the silver price prediction for Monday is stable ; Thursday's correction is absorbed. Add to positions at Rs 2,36,000-2,37,000 on any Friday morning dip.
3. Hindustan Zinc equity above Rs 595 Friday morning = silver price prediction for Monday equity signal that the correction is contained and silver recovery continues.
4. Kunal Singla: if silver breaks below Rs 2,34,700 (Thursday's intraday low) Friday, the silver price prediction for Monday target shifts to Rs 2,29,000-2,31,000 secondary support ; exit all longs.

Key Risks to the silver price prediction for Monday

• Silver breaking below Rs 2,34,700 (Thursday's confirmed intraday low) Friday, extending the correction toward Rs 2,29,000-2,31,000 on Friday.
• Gold continuing to weaken below Rs 1,52,000, pulling silver further down through precious metals correlation on Friday.
• Iran deal confirmation causing crude to drop further, reducing the inflation-hedge component of the silver price prediction for Monday.

Conclusion

The silver price prediction for Monday for Monday 17 August 2026 has crude oil's -1.88% Thursday fall to Rs 7,803 as its most important macro input. Ankit Jaiswal of Univest identifies primary support at Rs 2,34,000-2,35,500 and immediate resistance at Rs 2,40,000-2,41,500 for Friday's session, with the crude relief trade (auto, FMCG, cement) and IT recovery (TCS, HCL Tech) as Friday's two highest-conviction positive themes.

Kunal Singla of Univest adds that ICICI Bank's Thursday -1.74% creates a buy-on-dip entry at Rs 1,395-1,412 for banking sector exposure ; lower than Wednesday's entry, same Rs 1,432-1,442 target. Check GIFT Nifty above 24,420 and NASDAQ above 22,000 at 9 AM Friday as the two pre-market signals that confirm Friday's positive bias for Friday's session.

FAQs on Silver Price Prediction For Monday, 17 August 2026

What is the silver price prediction for Monday, 17 August 2026?

Ans. The silver price prediction for Monday is neutral. MCX Silver corrected -0.80% to Rs 2,36,198 as Thursday's opening-high session (H=Open=Rs 2,40,667) saw profit-taking from Wednesday's +1.64% bounce. The Rs 2,34,700 intraday low held. Support is Rs 2,34,000-2,35,500 and resistance is Rs 2,40,000-2,41,500 on Friday.

Why did silver correct more than gold on Thursday in the silver price prediction for Monday context?

Ans. Silver fell -0.80% while gold fell -0.37% Thursday because silver has a larger industrial component (solar, electronics) which benefits less from inflation fear. When crude crashed -1.88% reducing energy inflation urgency, silver's inflation-hedge premium contracted more than gold's. for Friday's session, Thursday's correction was profit-booking after Wednesday's +1.64% bounce rather than a structural change.

What is MCX Silver support and resistance for the silver price prediction for Monday?

Ans. Support is Rs 2,34,000-2,35,500 and Rs 2,29,000-2,31,000. Resistance is Rs 2,40,000-2,41,500 and Rs 2,44,000-2,46,000 on Friday.

Which analysts prepared the silver price prediction for Monday?

Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the silver price prediction for Monday using Groww-confirmed Thursday data: MCX Silver Rs 2,36,198 (-0.80%), H: Rs 2,40,667 (=Open), L: Rs 2,34,700.

What stocks benefit in the silver price prediction for Monday?

Ans. Hindustan Zinc (primary silver producer, Rs 585-595 entry), Hindalco (industrial metals complex) and Titan Company (silver jewellery revenue) are the three equity plays on Friday.