Silver Prices Consolidate After Rs 2,00,000 Fall, Outlook Steady Till March

Silver prices, which surged to record highs in late 2025, have corrected sharply, falling almost Rs 2,00,000 per kg from their peak. As of mid-February 2026, the white metal is navigating a consolidation phase, with analysts predicting stability until early March before a possible directional move.  

The correction follows a period of intense volatility, driven by global economic uncertainties, safe-haven buying, and strong industrial demand. While silver remains a critical commodity for renewable energy and electronics, its price movements continue to be influenced by macroeconomic factors such as US Federal Reserve policy decisions, inflation trends, and supply chain dynamics.  

Key highlights from the market outlook include 

• Silver prices down nearly Rs 2,00,000 from peak levels  
• Currently consolidating after sharp volatility in late 2025  
• Analysts expect range-bound movement until March 2026  
• Industrial demand and global macroeconomic cues remain key drivers  
• Buy-on-dips strategy suggested amid cautious investor sentiment  

Experts note that silver’s long-term fundamentals remain strong, particularly with rising demand from green energy sectors and industrial applications. However, short-term volatility is expected to persist, making risk management essential for investors. The March outlook will be critical in determining whether silver resumes its upward trajectory or continues to stabilize.  

Sources: Mint, J.P. Morgan Global Research, Moneyexcel