Silver Prices fluctuation. (AI-Generated Image)
\n\nSilver commodity is facing a trial period at the markets as the commodity is trading 53 percent below their all-time high. The metal is reacting to the Middle East tensions and persistent inflation, driven largely by elevated energy costs, fuel expectations of tighter monetary policy, weigh on bullion.
\n\nOn January 28, 2026, Silver hit a record high of nearly $117 per ounce. Fast forward to October 23, and the metal has fallen more than 53 percent to trade just above $54 per ounce.
\n\nSpot silver on the Multi Commodity Exchange (MCX) surged to a high of Rs 3,79,983 per kilogram on January 29 and hit a low of Rs 1,94,170 on October 23. Previously, the metal hit a low of Rs 2,04,383 on March 23. Further, in the futures market, domestic silver was trading at Rs 1,95,500 per kilogram on October 26 (09:48 IST) for December 4 delivery.
\n\nSilver prices on the MCX witnessed a sharp rally in January 2026, with the metal touching a record high of Rs 3,79,983 per kilogram on January 29. However, prices reversed sharply after reaching the peak, marking the beginning of a volatile period for the precious metal.
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Original source: https://www.timesnownews.com/business-economy
