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Silver Consolidates After Early-Week ₹3 Lakh Breakout
Silver retreated to ₹2,84,900 per kg after briefly touching ₹3 lakh earlier this week, indicating consolidation.
After breaching the ₹3,00,000 per kilogram mark earlier this week and silver has entered a consolidation phase. On February 27, prices eased to ₹2,84,900 per kilogram and ₹2,849 per 10 grams across the major metros. The cooling trend suggests profit-booking following rapid gains. Analysts indicate that sustained global demand and currency stability will determine whether silver regains upward momentum.