Silver rate today is back in focus after the precious metal witnessed a sudden and sharp correction at elevated levels. What looked like a relentless rally over the past few sessions quickly turned into a steep fall as profit booking took control.
From record highs to a visible pullback, silver’s latest move reflects how fast sentiment can flip when prices run ahead of fundamentals.
Market Performance: From Euphoria to Reality Check
After touching a historic peak, silver prices failed to sustain higher levels.
- Silver surged to a record ₹2,54,174 per kg
- Prices then corrected by over 8%, translating to a fall of nearly ₹21,000 per kg
- On MCX, Silver March futures settled at ₹2,24,429 per kg
- This marked a drop of 5.7% from peak levels
The selling pressure was swift. Once prices crossed psychological thresholds, traders moved quickly to lock in gains.
What Drove the Silver Rally Before the Fall?
Silver rate today didn’t rise in isolation. The Indian market followed a powerful global upswing.
Earlier in the session:
- Global silver prices crossed the $80 mark for the first time
- The rally exceeded 180%, making the move unusually steep
- Asian physical markets remained active even as Western markets were closed
This divergence pushed prices sharply higher and created momentum that fed into domestic markets.
But when prices rise too far, too fast, sustainability becomes a challenge.
Why Silver Prices Saw a Bloodbath at the Top?
The correction was triggered by a mix of profit booking and changing risk sentiment.
Here’s what weighed on silver prices:
- Heavy profit booking after a non-stop rally
- An aggressive one-day fall of 8.7%, the sharpest since August 2020
- Market action that appeared stretched after a parabolic rise
- Cooling of safe-haven demand as geopolitical tensions showed signs of easing
When risk appetite improves, precious metals often see pressure as capital shifts out.
Global Triggers That Accelerated the Fall
Apart from profit-taking, global developments played a role.
- Talks around a potential peace agreement in Ukraine reduced near-term geopolitical stress
- Lower tension translated into reduced safe-haven buying across bullion markets
- Margin-related adjustments and sharp price gaps added to volatility
Once selling began, the fall gained speed as traders exited overcrowded positions.
Silver Rate Today: A Snapshot of Key Numbers
To keep things clear, here’s a quick look at where silver stands:
- Record high: ₹2,54,174 per kg
- Recent settlement (MCX): ₹2,24,429 per kg
- Correction from peak: ~₹21,000 per kg
- Single-day global fall: 8.7%
These numbers underline how quickly momentum reversed.
What This Move Says About Market Sentiment?
Silver’s journey over the last few sessions is a reminder of how emotional commodity markets can be.
Strong rallies attract attention.
Crowded trades invite profit booking.
And once selling starts, prices can correct sharply.
Silver rate today reflects a market that paused to reassess after moving too far ahead in a short span.
Summary: Silver’s Rally Hits a Speed Breaker
Silver rate today tells a story of extremes.
A blistering rally pushed prices to record highs.
A sharp correction followed just as quickly.
The fall wasn’t driven by a single event, but by a combination of profit booking, global cues, and easing risk anxiety. For now, silver has stepped back from overheated levels, reminding markets that no rally moves in a straight line.
As always, price action continues to reflect shifting sentiment — fast, fluid, and unforgiving at the top.
Source: Livemint
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