Silver rate today staged a strong comeback in early trade, snapping last week’s sharp sell-off and drawing fresh attention from market participants tracking precious metals.
The rebound came as investors moved in after heavy losses, supported by a softer US dollar and a mix of global political and macroeconomic cues. Silver led the recovery across the metals complex, with prices rising sharply both in domestic and international markets.
Market Performance: Silver Rate Today Leads the Recovery
Silver prices opened firm and gained momentum through the session, showing stronger buying interest than gold.
- MCX Silver rate jumped 6% to ₹2,64,885 per kg
- Spot silver surged 2.5% internationally, extending gains after a 10% rally in the previous session
Gold also traded higher, though the move was more measured compared to silver.
- MCX Gold rate rose 2% to ₹1,58,500 per 10 grams
- Spot gold climbed as much as 1.7% to cross $5,000 per ounce in early trade
- By 0037 GMT, spot gold was up 1.4% at $5,029.09 per ounce
- US gold futures (April) gained 1.4% to $5,051.0 per ounce
The broader precious metals space echoed the recovery.
- Platinum advanced 1.8% to $2,134.18 per ounce
- Palladium also rose 1.8% to $1,737.75 per ounce
The synchronized rise highlighted renewed risk appetite across the metals complex after last week’s steep correction.
Main News: Why Silver Rate Today Moved Higher?
The immediate trigger behind the rise was the weakness in the US dollar.
The dollar eased to its lowest point since February 4, which reduced the cost of dollar-denominated commodities for buyers outside the US. This shift tends to improve near-term demand sentiment for precious metals, including silver and gold.
Beyond currency moves, global political developments also played a role.
A landslide election victory for Japanese Prime Minister Sanae Takaichi reinforced expectations of looser fiscal policy in Japan. This kept pressure on the yen and supported bullion demand as an alternative store of value.
On the US policy front, comments from US Treasury Secretary Scott Bessent added another layer of support. He said the Federal Reserve is unlikely to move quickly on shrinking its balance sheet, even if there is a change in leadership at the central bank.
Markets are currently factoring in:
- At least two interest rate cuts of 25 basis points in 2026
- The first cut likely around June
- A key US labour market report due later this week that could shape rate expectations
Geopolitical developments were also in focus.
Iran’s Foreign Minister Abbas Araqchi said recognition of Iran’s right to enrich uranium would be essential for progress in nuclear talks with the United States. His remarks came after indirect talks between US and Iranian diplomats in Oman, set against an expanded US naval presence near Iran.
These combined factors helped stabilise sentiment after last week’s sell-off.
Company Details: How Far Is Silver from Its Peak?
Despite the sharp rebound, silver remains significantly below its recent highs.
- Silver has fallen over 40% from its record high of ₹4,20,000 per kg hit on January 29, 2026
- On a year-to-date basis, silver is up just 6% in 2026
Gold tells a slightly different story.
- Gold is down about 11% from its January 29 all-time high
- Still, gold remains up around 15% so far in 2026
The contrast highlights silver’s sharper correction compared to gold after the late-January peak.
Summary: What Silver Rate Today Signals for the Market?
The sharp move in silver rate today reflects how quickly sentiment can shift after extreme price corrections.
Dip buying, a weaker US dollar, supportive global cues, and geopolitical developments combined to drive a strong short-term recovery. However, prices remain well below recent peaks, keeping volatility elevated.
For now, market participants are closely tracking:
- Currency movements
- Global risk sentiment
- Upcoming US economic data
After a dramatic fall and a sudden rebound, silver remains firmly in focus—volatile, reactive, and closely tied to global macro signals.
Source: Livemint
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