Silver prices witnessed a sharp pullback on February 17, raising fresh questions about whether the metal can scale new record highs in 2026 despite strong gains last year.
Silver Falls to $73, Recovers Slightly
In the early hours of February 17, silver prices dropped to as low as $73 per ounce. The metal later recovered some ground to trade at $75.50 per ounce at 01:44 am GMT, still down 2.88 percent from the previous close.
On the domestic front, silver futures on MCX closed Monday’s session at Rs 2,40,201 per kilogram, marking a 0.13 percent decline from the previous close. Earlier in the first week of February, prices had slipped toward the Rs 2.30 lakh level amid global selling pressure and heightened volatility.
Meanwhile, the...