Silver prices. (AI-Generated Image)
\n\nSilver prices have plunged from record highs, losing more than half their value in less than nine months. The precious metal, which touched a record high of nearly $117 per ounce on January 28, 2026, fell more than 53% to trade just above $54 per ounce on October 23.
\n\nOn the Multi Commodity Exchange (MCX), silver prices have witnessed a similar decline as the metal dropped from a record high of around Rs 3.85 lakh per kg in January to approximately Rs 1.91 lakh per kg on October 27, marking a sharp reversal after its strong rally earlier this year.
\n\nHowever, amid the declining prices, AMFI data suggested that investor interest has remained strong with the Silver exchange-traded fund (ETFs) attracted Rs 1,974 crore in September, up 55 percent from August.
\n\nHSBC in its latest report on trend in Silver prices said based on our supply/demand model and data from the Silver Institute's 2026 Survey, silver ran a 140moz deficit in 2025. We look for this deficit to narrow sharply to 5moz this year, due partly to investor liquidation in 1H'26, and to widen mildly to 12moz in 2027.
\n\nModerating deficits help explain our view that…
Original source: https://www.timesnownews.com/business-economy
