Silver Prices Surge Halted Suddenly

Silver prices, which had been soaring sharply, witnessed a sudden and steep correction. In the futures market, silver recorded a heavy fall, with March contract prices on the Multi Commodity Exchange dropping by nearly ₹21,000 per kilogram within an hour. On Monday, silver touched an intraday high of ₹2,54,174 per kg before slipping to a low of ₹2,33,120. In the Hyderabad spot market as well, prices declined from above ₹2.50 lakh to around ₹2.39 lakh per kg.

In recent weeks, gold and silver had seen unprecedented demand due to geopolitical uncertainties. Silver, in particular, surged sharply in the international market and crossed the $80 mark. However, profit booking at higher levels led to a gradual decline in prices.

Analysts attribute the current fall mainly to positive signals regarding a possible Russia–Ukraine peace agreement. Expectations of an end to the conflict impacted market sentiment. Additionally, silver has gained nearly 181 percent so far this year, prompting investors to book profits. Another factor contributing to selling pressure was the Chicago Mercantile Exchange’s decision to increase margin requirements for the March 2026 futures contract. The higher margins discouraged high-risk traders, resulting in a sharp rise in selling activity and further pushing prices downward.