Silver Still Down 23% in February Despite Latest Jump

Silver prices have rebounded to ₹2,70,000 per kg across major metros, but the metal remains nearly 23% below its February 1 peak of ₹3,50,000. The recent ₹15,000 gain reflects short-term buying interest after sharp declines. However, the broader monthly trend indicates  the sustained correction, with market participants remaining cautious amid global price uncertainty and fluctuating  the domestic demand conditions for precious metals.

Silver prices rebounded to ₹2,70,000 per kg across the major metros including Delhi, Mumbai, Chennai, Bengaluru and Kolkata after touching recent lows of ₹2,55,000. The ₹15,000 rise reflects bargain buying and renewed physical demand after a brief correction phase. Market sentiment remains cautious, however, as traders watch global cues and domestic demand trends amid continued short-term volatility in precious the metal prices.