Overview
- MCX silver futures for March 2026 fell 4.63% to Rs 2,39,395 per kg, while February 2026 gold eased 0.51% to Rs 1,35,973 per 10 grams.
- Trading remained volatile, with another report noting silver briefly sliding to Rs 2,35,952 per kg in intraday action.
- Analysts attributed the decline to aggressive profit-booking after a powerful 2025 rally, with earlier safe-haven bids fading as caution set in.
- Silver has climbed about 135% over the past year, including nearly 24% in December, and international gold is up more than 70% for 2025.
- Near-term levels flagged by analysts put silver support around Rs 2.45–2.43 lakh and resistance near Rs 2.55–2.57 lakh, with tight supply and central-bank buying seen as ongoing supports despite likely choppy trade.