Silver Price Predicted to Surge Amid Dual Demand and Options Expiry

The price of silver on Monday, August 24, 2026, is predicted to be mildly bullish after closing at Rs 2,47,612/kg (+1.27%) on Friday, August 21.

This marks the third consecutive positive session for MCX Silver with a three-day gain of 6.9%, driven by dual demand from precious metal safe-haven buying and industrial metal recovery.

Ankit Jaiswal notes that silver typically follows gold's momentum with a lag of one to two sessions, which aligns with the current pattern as gold broke a landmark level on Friday.

Kunal Singla highlights the importance of Monday's options expiry, stating that the Rs 2,50,000 call option saw heavy volume on Friday, indicating a potential upside target for the silver price prediction.