The silver rate today staged a sharp recovery on Friday, February 13. After two straight sessions of decline, prices bounced back as investors stepped in to buy at lower levels.
The move came even as global stock markets faced heavy selling pressure linked to AI-related concerns. Despite stronger US jobs data, the US dollar stayed largely muted, giving precious metals some breathing space.
Let’s break down what really happened.
Market Performance: Silver Rate Today Recovers Smartly
The silver rate today climbed 2.2% on MCX, touching an intraday high of:
- ₹2,41,798 per kg on MCX
This rebound comes after the recent sharp fall that unsettled traders. Even with today’s recovery, silver prices remain nearly 42% below their earlier peak, showing just how volatile the metal has been lately.
In international markets, the recovery was equally strong.
- Spot silver rose 2.1% to $76.76 per ounce
This rise helped silver claw back part of the 11% plunge recorded earlier this week. That earlier fall had shaken market confidence, but today's price action indicates that buyers saw value at lower levels.
The recovery suggests one simple thing — dip buying is active.
Gold and Other Metals Also Move Higher
Silver wasn’t alone.
Gold Performance
- MCX Gold gained 1.3% to ₹1,54,837 per 10 grams
- Spot gold rose 1% to $4,966.83 per ounce
- US gold futures for April delivery rose 0.7% to $4,985.40 per ounce
Gold had slipped below the psychological $5,000 per ounce mark in the previous session. That decline had also dragged sentiment lower. The bounce today signals stability returning to the metals segment.
Other Precious Metals
- Spot platinum rose 1.7% to $2,033.15 per ounce
- Palladium gained 1.4% to $1,639.99 per ounce
The broader precious metals complex moved up together. This signals coordinated buying activity rather than isolated silver movement.
Why Silver Rate Today Rebounded?
The sharp recovery in the silver rate today came despite mixed economic signals from the United States.
The US dollar remained mostly flat against major currencies. A stronger dollar generally makes dollar-priced commodities more expensive for global buyers. But since the dollar stayed stable, it did not create additional pressure on silver and gold.
Meanwhile, fresh US labour data painted a resilient picture of the economy.
Key US Labour Data
- Nonfarm payrolls increased by 130,000 jobs in January
- December payrolls were revised to 48,000
- Unemployment rate edged down to 4.3%
- Initial jobless claims fell to 227,000 (week ended February 7)
These numbers show that the US labour market started 2026 on stronger footing than expected.
A stronger job market often reduces the urgency for interest rate cuts. That normally limits upside in gold and silver. However, the markets appear to have already priced in much of that narrative.
Today’s recovery suggests that investors may be focusing more on valuation after the sharp correction earlier this week.
Silver Rate Today: Global Context Matters
Silver prices had corrected sharply in previous sessions. In global markets, prices had fallen from significantly higher levels, triggering profit booking and risk reduction.
The earlier 11% single-session drop in silver had created panic-like conditions. But sharp falls are often followed by quick recoveries when buyers find attractive levels.
The silver rate today reflects that shift.
The market seems to be recalibrating rather than collapsing.
Interest Rates and Dollar Watch
Investors are now closely watching inflation data for clearer signals on US monetary policy.
Key factors influencing silver rate today:
- Stability in US dollar movement
- Strong labour market data
- Focus shifting to upcoming inflation numbers
- Reduced panic selling after recent steep fall
Precious metals tend to react sharply to changes in interest rate expectations. When interest rates stay elevated for an extended period, they typically limit strong upside rallies. However, in the short term, prices can bounce back quickly if the market corrects too fast or becomes overly stretched.
That appears to be the case right now.
Silver Rate Today vs Recent Correction
It’s important to understand the bigger picture.
- Prices had plunged 11% in a single earlier session
- Silver is still 42% below its peak levels
- Today’s 2.2% rebound shows selective buying
This isn’t a straight-line rally. It’s a recovery within volatility.
Traders are reacting to global cues. Investors are adjusting positions. The market tone has shifted from panic to cautious stability.
What This Means for the Precious Metals Market?
The coordinated rise in silver, gold, platinum, and palladium suggests a temporary sentiment shift across the metals space.
While US economic data remains firm, metals are holding ground. That balance is what markets are tracking closely.
The silver rate today therefore reflects:
- Value-based buying
- Stabilizing global cues
- Market recalibration after sharp fall
No aggressive trend confirmation yet. Just recovery.
Company & Market Context
Silver trades on the MCX (Multi Commodity Exchange) in India and globally in spot and futures markets.
Movements in:
- US dollar
- Federal Reserve policy signals
- Labour data
- Inflation numbers
directly impact silver rate today and global metal prices.
With inflation data due later in the day, traders may remain cautious. Volatility could continue.
Summary: Silver Rate Today Shows Sharp Bounce
To sum it up:
- Silver rate today rose 2.2% on MCX to ₹2,41,798 per kg
- Spot silver gained 2.1% to $76.76 per ounce
- Silver had earlier fallen 11% in a single session
- Metal remains 42% below peak levels
- Gold, platinum, and palladium also moved higher
- US job data remained strong with 130,000 payroll additions
The recovery appears driven by buyers stepping in after a steep correction.
Markets now await inflation data for further direction.
For now, the story of the silver rate today is simple — a sharp bounce after an equally sharp fall. The dust hasn’t fully settled yet, but the panic has eased.
And in commodity markets, sometimes that’s enough to change the mood.
Source: Livemint
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