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Sharp rebound in silver underscores strength beyond short-term volatility
Silver prices rebounded strongly after a sharp fall, with analysts citing supply constraints and industrial demand as structural factors supporting the metal’s longer-term uptrend.
After a steep, profit-booking-driven selloff, silver prices staged a strong recovery, signaling resilience beyond short-term technical swings. MCX Silver rebounded over 4 percent to around ₹2.36 lakh per kg, after plunging more than 10 percent in a single session, its sharpest fall in over five years. The metal had earlier crossed ₹2.5 lakh per kg for March delivery before correcting sharply amid thin liquidity and stretched indicators.