Commodity

Silver prices are in a consolidation phase after a significant drop from record highs, with analysts predicting a potential directional move by early March. Current conditions suggest a buy-on-dips approach, while macro uncertainties continue to influence market volatility.

MCX silver rate would need to surge a whopping 75% this year from the current level of around ₹2,40,000 per kilogram. That is no mean feat, especially considering prices had already jumped 170% last year, with the rally running ahead of fundamentals and pushing prices to unsustainable highs.

Gold and silver rate today LIVE: Currently, gold prices on the MCX hover in a tight range of around ₹1,50,000 to ₹158,000. And silver MCX futures are trading near the ₹2,35,000 – Rs2,70,000 zone.

Gold and silver performance predictions are mixed, with silver excelling in 2025 but analysts expecting gold to lead in 2026. The gold-silver ratio indicates a buying opportunity for silver when above 80, while a ratio below 40 favors gold.

MCX silver rate today: Silver prices are recovering from a January plunge but remain significantly down from record highs. The market is influenced by a strengthening US economy and geopolitical factors, while analysts note ongoing volatility and potential support levels for future price movements.

Gold rate today: Gold and silver fell as the US dollar firmed after stronger-than-expected January jobs data dented expectation for near-term interest rate cuts by the US Federal Reserve.

Silver and gold prices fell on February 12 as the US dollar strengthened after positive January jobs data. Silver dropped 1% to ₹2,60,453 per kg, while gold fell 0.66% to ₹1,57,701 per 10 grams, with investors awaiting inflation data for policy direction.

Silver prices rose on Wednesday, with MCX futures reaching ₹2,68,898 per kilogram. Internationally, spot prices increased 7% to $86.32 per troy ounce. Factors such as US economic data and a weaker dollar boosted safe-haven demand, while supply shortages may support future price rallies.

Gold–silver ratio marking a low near 43.80 was a technically and historically significant event. The subsequent move back above 60 suggests the market has entered a phase of normalisation, with gold prices likely to outperform silver prices in the near term.

Latest data shows that silver available for delivery on the SHFE has declined to around 350 tonnes, the lowest level since 2015. According to CEIC data, silver inventories stood at 318.546 tonnes as of February 9, 2026, down from 349.900 tonnes reported on February 6, 2026.