Silver Price Prediction for Monday: Three-Session 6.9% Rally with Options Expiry for 24 August 2026

The silver price prediction for Monday follows a Friday session where MCX Silver Mini opened at Rs 2,45,000, reached Rs 2,49,352, and settled at Rs 2,47,612. Ankit Jaiswal, Research Analyst at Univest, notes that the silver price prediction for Monday benefits from gold's historic Rs 1,60,000 close — when gold breaks a landmark level, silver typically follows with a lag of one to two sessions. Friday's 1.27% gain is consistent with this pattern of silver catching up to gold's momentum in the silver price prediction for Monday.

Kunal Singla, Research Analyst at Univest, observes that the silver price prediction for Monday has an important calendar dimension: Monday 24 August 2026 is the expiry of MCX Silver Mini 24 August options. The Rs 2,50,000 call option saw heavy volume on Friday (over 400,000 contracts at Rs 2,226), indicating that options participants are positioned for Rs 2,50,000 as an upside target. This options market signal creates a pin-risk dynamic that could accelerate the silver price prediction for Monday toward Rs 2,50,000 if buyers are active.

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Today's Market Recap: Silver on 21 August 2026

Silver Price Prediction for Monday: Technical Analysis

Ankit Jaiswal's silver price prediction for Monday identifies Rs 2,45,000 as the immediate support, which was Friday's intraday low. A Monday MCX open and hold above Rs 2,45,000 confirms the three-session uptrend is intact in the silver price prediction for Monday. A break below Rs 2,45,000 would signal that options expiry-related selling is pressuring the market, with Rs 2,43,000 as the next support in the silver price prediction for Monday.

On the upside, resistance in the silver price prediction for Monday stands at Rs 2,49,352 (Friday's high). Kunal Singla notes the Rs 2,50,000 options expiry pin creates a strong upside pull in the silver price prediction for Monday — a move above Rs 2,49,352 could accelerate toward Rs 2,50,000 as option sellers are forced to hedge.

Trend for Monday 24 August 2026: Mildly Bullish
Support: Rs 2,45,000 | Rs 2,43,000
Resistance: Rs 2,49,352 | Rs 2,50,000 to 2,51,000
Expiry Note: MCX Silver Mini 24 Aug options expire Monday — use futures for directional trades

Global Cues for Silver Prediction for Monday

• COMEX Overnight: COMEX gold and silver levels Monday morning are the primary pre-open cue for MCX precious metals on Monday. Watch spot gold above $3,400/oz and silver above $30.50/oz.
• Iran-Strait of Hormuz: Ongoing supply risk remains the dominant crude oil and commodity driver for Monday. Any weekend escalation or resolution will be the primary opening catalyst.
• US Dollar Index: A weaker DXY heading into Monday would support precious metals and commodities across the board on Monday.

Key Events for Monday 24 August 2026

• MCX Silver Mini and Copper 24 Aug options expire Monday 24 August — elevated intraday volatility expected in early Monday trade
• COMEX levels Monday morning set the MCX precious metal opening for Monday
• Iran-Strait of Hormuz weekend news is the primary catalyst for crude oil and energy commodities on Monday
• US EIA natural gas report and OPEC+ communications over the weekend will shape the energy complex on Monday

Stocks Linked to Silver Price Prediction for Monday

Stock	21 Aug Close (Rs)	Change	Key Level for Monday
Hindustan Zinc	573	+1.00%	Support: 564 | Resistance: 578
Hindalco Industries	687	+0.75%	Support: 680 | Resistance: 695
Tata Steel	154	+0.80%	Support: 152 | Resistance: 156

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Strategy for Silver on Monday 24 August 2026

• Buy MCX Silver on dips to Rs 2,45,000 with stop below Rs 2,43,000 targeting Rs 2,49,352 in the silver price prediction for Monday
• A move above Rs 2,49,352 targets Rs 2,50,000 — the options expiry pin level in the silver price prediction for Monday; use futures for this trade
• Avoid heavy options positions in the silver price prediction for Monday given Monday expiry volatility — futures offer cleaner direction exposure
• Watch COMEX silver above $30.50/oz as the pre-open bullish confirmation for the silver price prediction for Monday

What Does Sentiment Indicate for Silver Prediction for Monday?

Sentiment for the silver price prediction for Monday is constructive. Three consecutive positive sessions and a 6.9% three-day rally signals sustained institutional buying rather than a one-off bounce. Ankit Jaiswal notes that silver's dual nature — part precious metal, part industrial metal — means the silver price prediction for Monday benefits from both gold's bullish Rs 1,60,000 close and Nifty Metal's 0.86% Friday gain.

Kunal Singla observes that the MCX Silver options market is a particularly strong input for the silver price prediction for Monday because of Monday's expiry. The heavy Rs 2,50,000 call open interest effectively creates a demand floor at Rs 2,45,000 (where put writers will defend) and an upside magnetic pull toward Rs 2,50,000. This creates a structurally supportive environment for the silver price prediction for Monday.

Risks to Silver Prediction for Monday

• MCX Silver Mini 24 Aug options expiry on Monday creates sharp intraday swings in the silver price prediction for Monday — risk management is essential
• COMEX silver falling below $29.50/oz would reverse the silver price prediction for Monday bullish setup
• A broad commodity sell-off (if crude oil reverses sharply) would drag silver lower in the silver price prediction for Monday
• Weak Chinese industrial data released over the weekend would reduce industrial silver demand expectations in the silver price prediction for Monday

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Conclusion

The silver price prediction for Monday, 24 August 2026, is mildly bullish. MCX Silver closed at Rs 2,47,612/kg (+1.27%) on 21 August — its third consecutive positive session with a three-day gain of 6.9%. Ankit Jaiswal places support at Rs 2,45,000 and resistance at Rs 2,49,352 for the silver price outlook for 24 August.

Kunal Singla highlights the Monday MCX Silver 24 Aug options expiry: use futures for directional trades in the Monday's MCX silver price forecast, and watch the Rs 2,50,000 pin as the key upside target. Download the Univest app for live MCX silver tracking.

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 on Silver Prediction for Monday

What is the Wednesday's silver price outlook, 24 August 2026?

Ans. the 24 August silver price outlook is mildly bullish. MCX Silver (Mini 31 Aug) closed at Rs 2,47,612/kg (+1.27%) on Friday 21 August — its third consecutive positive session with a three-day gain of 6.9% from Tuesday's Rs 2,31,740. Ankit Jaiswal places support at Rs 2,45,000 and resistance at Rs 2,49,352 for the MCX silver price forecast for Monday.

Why has silver rallied three sessions into the prediction for Monday?

Ans. MCX Silver has gained approximately Rs 15,872/kg (6.9%) from Tuesday's low of Rs 2,31,740 to Friday's close of Rs 2,47,612. This dual-driver rally reflects both precious metal demand (gold also at Rs 1,59,991) and industrial metal recovery (Nifty Metal +0.86% on Friday). Kunal Singla notes this dual character makes the silver price's 21 August outlook more broadly supported.

What are MCX silver levels for Monday 24 August 2026?

Ans. the silver price outlook for 24 August places immediate support at Rs 2,45,000 (Friday's intraday low) with strong support at Rs 2,43,000. Resistance stands at Rs 2,49,352 (Friday's high) and stronger resistance at Rs 2,51,000. Note: MCX Silver Mini 24 Aug options expire on Monday, adding expiry-related volatility near key strikes in the Monday's MCX silver price forecast.

What is the MCX Silver options expiry impact on prediction for Monday?

Ans. Monday 24 August 2026 is the last trading day for MCX Silver Mini 24 August options contracts. Heavy call open interest at the Rs 2,50,000 strike creates a magnetic pull toward this level in the Wednesday's silver price outlook. Ankit Jaiswal notes expiry-driven intraday swings are expected — use futures, not options, for directional trades in the 24 August silver price outlook.

What is the silver trading strategy for Monday 24 August 2026?

Ans. For the MCX silver price forecast for Monday, Ankit Jaiswal recommends buying on dips to Rs 2,45,000 with stop below Rs 2,43,000 targeting Rs 2,49,352. Kunal Singla advises watching COMEX silver above $30.50/oz as the pre-open positive signal for the silver price's 21 August outlook.