MCX Silver: Sideways Consolidation Near Key Support
MCX Silver is moving in a downward consolidation range between Rs 227,423 and Rs 221,725. At the last close of the report (13 October 2026), silver was quoted at Rs 222,642, after a pullback towards its nearest resistance.
Silver Price Outlook: What the Chart Says
Price recently bounced up towards resistance at Rs 225,864. As long as silver holds above Rs 221,725, a fresh upside move towards Rs 225,864 is possible, and a clear break above that level could extend the rally towards Rs 227,423 in the near term.
On the flip side, a close below Rs 221,725 would weaken the setup and open the door to a correction towards Rs 206,932.
Silver Support and Resistance Levels
| Instrument | Trend | CMP | Support | Resistance |
|---|---|---|---|---|
| MCX Silver | Sideways / Bullish | Rs 222,642 | Rs 221,725 – 206,932 | Rs 225,864 – 227,423 |
Trading Takeaways
- Bullish trigger: sustained trade above Rs 221,725, targeting Rs 225,864 and then Rs 227,423.
- Bearish trigger: a close below Rs 221,725, with a downside target of Rs 206,932.
- Until a breakout happens, expect range-bound moves.
Levels are technical views for information only, not investment advice. Commodity trading involves high risk; consult a SEBI-registered advisor before trading.
Keywords: MCX silver, silver price today, silver technical analysis, silver support and resistance, MCX silver target, silver outlook October 2026, commodity trading India, silver sideways trend, silver price forecast, MCX commodity tips