Overview
- MCX silver touched an all-time high of ₹254,174 per kilogram after opening ₹14,387 above the previous close of ₹239,787.
- By 11:30 am, March 2026 futures traded at ₹247,951 per kilogram within an intraday range of ₹246,786 to ₹254,174.
- Prices were up about 3.40% on the day, a gain of roughly ₹8,164 per kilogram.
- Market commentary cited a softer US dollar, expectations around Federal Reserve policy, and firm industrial demand as key supports.
- Reports point to potential Chinese export licensing from January 1, 2026, while MCX gold futures (February 5) eased to ₹1,39,501 per 10 grams, down ₹372.