MCX Silver Price Prediction: Sideways to Bearish with Key Support Levels

The MCX Silver Mini settled at Rs 2,47,612/kg on August 21, down 1.27% from its previous close.

According to Ankit Jaiswal, Research Analyst at Univest, the support for silver is at Rs 2,36,000, just above today's low of Rs 2,45,000.

Kunal Singla notes that RSI near 40 creates a potential bounce zone in the silver price prediction for Monday. A recovery above Rs 2,49,352 targets Rs 2,39,000 in the silver price prediction.