Silver Price Today in India witnessed a sharp decline on February 17 as global markets faced heavy selling pressure and low trading activity. International silver prices dropped nearly 6 percent to around $73 per ounce on COMEX, while MCX March futures in India fell about 4.33 percent to close near ₹2.29 lakh per kilogram. Prices showed a mild recovery the next day, but uncertainty remained in the market.
Reasons behind the fall in Silver Price Today in India
The main reason for the fall in Silver Price Today in India was the global sell-off in commodities and precious metals. Investors booked profits after the recent rally, and speculative traders reduced their bullish positions. This created selling pressure and pushed prices lower.
Another important factor was thin liquidity in global markets. Major trading hubs were partially inactive due to the Lunar New Year holidays in China and the Presidents’ Day holiday in the United States. When key markets remain closed, trading volume drops and price volatility increases, which directly impacts silver prices.
Soft US inflation data also influenced the market. Expectations grew that the Federal Reserve may cut interest rates in the coming months. Such expectations often lead investors to rebalance their portfolios, causing short-term weakness in silver.
Recent rally before the correction
Before this fall, silver had seen a strong rally in late January and touched close to $120 per ounce. Strong investment demand, a weaker US dollar, and hopes of rate cuts supported the rise. However, profit booking, higher trading margins, and a reduction in long positions triggered a sharp correction.
Impact on investors and ETFs
The decline in Silver Price Today in India also affected silver exchange traded funds. Many domestic silver ETFs recorded losses between 1 percent and nearly 3 percent. Gold ETFs also came under pressure, showing that the overall precious metals segment was weak during this period.
Silver Price Today in India outlook
Experts believe Silver Price Today in India may remain range-bound in the short term, likely moving between $70 and $90 per ounce in global markets. Analysts suggest a cautious strategy of buying during dips and selling during rallies.
In the medium term, silver may find support from possible interest rate cuts, continued monetary easing, and steady industrial demand from sectors like solar energy and electronics. Silver’s dual role as both an investment metal and an industrial commodity keeps its long-term outlook stable.
Overall, the recent fall in Silver Price Today in India was driven by global selling, low liquidity, and profit booking. While short-term volatility may continue, long-term demand factors could help stabilize prices in the coming months.