Commodities
MCX Silver Price Falls -1.06%, Sideways to Bearish Trend Predicted
The price of silver on the MCX (Multi Commodity Exchange) in India fell by -1.06% to Rs 2,36,727 per kilogram on August 18, 2026.
Ankit Jaiswal, a research analyst at Univest, noted that the decline was steeper for silver than gold, which fell by -0.34%, indicating its higher industrial metal component.
Kunal Singla, also of Univest, observed that the Relative Strength Index (RSI) had slipped to 40-43, approaching oversold territory, creating a potential technical bounce setup in the silver price prediction for tomorrow.