Silver Rate Today: Experts Warn of 75% Correction from Peak in Two Years Amid Volatility

Current Market Snapshot  
Silver has corrected significantly from its January 2026 peak near ₹4,10,000 per kg, now trading around ₹2,99,900 per kg nationally. This follows a historic rally, with global spot prices hitting $88 per ounce amid industrial demand and safe-haven buying. In India, MCX futures for March 2026 have slid nearly 3% in sessions, reflecting profit-taking.

Expert Outlook  
Analysts like Saif Mukadam from Economic Times foresee intermittent corrections in 2026 despite long-term positives, as current levels offer poor risk-reward. HSBC anticipates averages of $68 in 2026 dropping further, citing weakening industrial and jewelry demand. A multi-week pullback toward key moving averages is underway globally.

Key Highlights  

• Silver peaked at ₹4,10,000/kg in late January 2026 after 148% yearly surge  
• 75% correction from peak could see prices near ₹1,00,000/kg in two years per expert models  
• India 10g rate: ₹3,000 (down 14% in Feb 2026); global spot correcting from $88/oz  
• Pullbacks eyed as buying opportunities amid solar, electronics demand  
• Long-term bullish but caution advised on overbought conditions

Sources: Economic Times, Goodreturns.in, Trading Economics