Silver Slides 2.8%: Dip Buying Opportunity or Start of a Bigger Pullback? know
Silver prices fall 2.8%, Know whether to buy now or not : Silver prices saw a sharp decline today, Tuesday, February 17. Silver prices in the international market fell to around $73 per ounce. However, they later recovered slightly, reaching around $75.50 per ounce. Still, they remained approximately 2.88% lower than their previous close.
What was the situation on MCX? Silver futures on the Multi Commodity Exchange (MCX) closed at Rs 2,40,201 per kilogram on Monday. This represents a decline of 0.13% from the previous close. In the first week of February, silver had slipped to Rs 2.30 lakh per kilogram. At that time, pressure was seen due to global cues, profit-booking, and rising volatility.
According to the Indian Bullion and Jewelers Association, the standard price of 1 kg of silver was Rs 2,40,947 at 6:30 pm on February 16. This was up 0.61% over the previous 24 hours. It is clear from this that the fluctuations in the stock market remain quite sharp.
Silver performed exceptionally well in 2025. By January 2026, it reached new record highs. Prices then underwent a sharp correction, and the market entered a period of recovery. Experts believe that record highs could be retested, but several conditions must be met simultaneously.
According to market analyst Ross Maxwell, if real interest rates fall, the dollar weakens, and major central banks move toward monetary easing, silver could see another rally. However, he admits this will not be easy. He says that silver typically gains momentum a little later than gold and gains momentum in the later stages. Currently, industrial demand is stable. Demand from the solar, electronics, and electrification sectors remains strong, but not explosive. Inventory and recycling supplies could also limit prices.
If interest rates remain high for a prolonged period, investment in non-interest-bearing metals could decline. A strong stock market could also drive investors away from safe havens. Furthermore, if global manufacturing slows, industrial demand could decline.
