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Silver Still Down 23% in February Despite Latest Jump

Silver remains about 23% below February highs despite recent gains.
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.