Silver Price Today Surges 6% on MCX as Buyers Step In After Steep Correction

Silver price today saw a sharp rebound in domestic markets, snapping a brutal sell-off from recent record highs. After days of heavy pressure, buyers returned in a big way, lifting sentiment across precious metals.

The recovery was not just about numbers on the screen. It reflected how quickly market psychology can shift when prices fall sharply and value buying begins to emerge.

Gold, meanwhile, followed a similar path, adding strength to the broader bullion complex.

Market Performance: Silver and Gold Rebound Sharply

Silver price today rose 6% on the MCX, building on the previous session’s momentum as buyers stepped in following a sharp correction.

This jump came just a day after extreme volatility shook the metals market.

Here’s how prices moved:

• MCX silver rose 6% to an intraday high of ₹2,84,094 per kg
• MCX gold gained 3%, touching ₹1,58,420 per 10 grams
• In the prior session, silver surged nearly 15% intraday
• Gold advanced around 6% during the same period

Despite the rebound, silver was still trading well below its recent peak, highlighting how sharp the earlier fall had been.

Silver Price Today: What Triggered the Comeback?

The turnaround in silver price today came after a dramatic crash that had pulled prices down over 46% from peak levels within three sessions.

This sell-off created panic initially. But as prices cooled, buyers stepped in, attracted by the sudden reset after the parabolic rise.

A key sentiment booster was the India–U.S. trade announcement, which helped improve risk appetite across markets and supported precious metals.

Gold mirrored silver’s recovery, reinforcing the idea that the bounce was sector-wide rather than isolated.

Global Markets Support Silver’s Recovery

Overseas cues added to the positive momentum.

In international markets:

• Spot silver rose 2.1% to $86.90
• Gold also climbed 2.1% in early trade
• Gold was still about 12% below its record high touched on January 29
• On a year-to-date basis, gold remained nearly 15% higher

A softer US dollar and improved risk sentiment helped lift prices globally, feeding through to domestic markets.

Trade Deal Shapes Market Sentiment

Silver price today rebounded after US President Donald Trump announced a fresh trade agreement between India and the United States.

Under the pact:

• US tariffs on Indian goods were reduced to 18% from 50%
• India agreed to limit Russian oil purchases
• Certain trade barriers were eased

This development lifted sentiment in domestic precious metals, even as investors continued to track other global factors influencing prices.

Other Factors Investors Are Watching

Despite the recovery, the broader backdrop remains complex.

Market participants are closely monitoring:

• Geopolitical developments, including talks involving Iran
• Currency movements, particularly shifts in the US dollar
• Policy signals around US Federal Reserve leadership

There was also strong retail demand in China ahead of the Lunar New Year, which helped support bullion prices. However, with Chinese markets set to remain closed for more than a week from February 16, a major source of physical demand will be temporarily absent.

What Triggered Last Week’s Sharp Sell-Off?

The intense sell-off in precious metals last week didn’t happen in isolation.

It began after:

• Donald Trump nominated Kevin Warsh to lead the US Federal Reserve
• The move strengthened the US dollar
• CME Group raised margin requirements
• Leveraged traders were forced to exit positions

These factors combined to accelerate the fall, turning a correction into a rapid unwind.

Summary: Silver Price Today Reflects a Market Reset

Silver price today reflects how quickly momentum can swing in commodity markets.

After an extraordinary rise, prices collapsed under the weight of stronger dollar cues and tighter margins. The rebound that followed shows how value buying emerges when prices correct sharply.

Gold’s parallel recovery, improved global sentiment, and easing trade tensions helped stabilize the space. Still, the recent volatility has left investors alert, closely tracking global cues, policy signals, and currency movements.

For now, silver price today tells the story of a market moving from extreme optimism to recalibration—one sharp move at a time.

Source: Livemint