MCX Silver Gains 0.16% to Close at Rs 248,288 per kg; Global Cues to Dictate Tuesday's Price

The MCX Silver price closed at Rs 248,288 per kg on Monday, August 24th, marking a 0.16% gain from its previous close of Rs 247,903.

Analyst Ankit Jaiswal notes that the silver's Tuesday session for August 25th will be influenced by global commodity markets, particularly COMEX and LME prices, as well as the rupee-dollar exchange rate.

The immediate support level is at Rs 246,000, while resistance is expected at Rs 249,000. A hold above Rs 246,000 could target Rs 249,000, but a breach of this level would weaken the silver's Tuesday session.