{
  "type": "article",
  "title": "Silver Prices Slump Further Across India as Six-Day Plunge Hits Rs 40,000",
  "summary": "Domestic silver rates dropped by Rs 5,000 per kg on February 18 to trade at Rs 2.55 lakh, marking an overall drop of Rs 40,000 over the past six sessions amid broader technical corrections.",
  "content": "Precious metals faced another wave of intense selling pressure on February 18 as domestic silver prices extended their steep downward spiral. The cost of 1 kilogram of silver plunged by Rs 5,000 to settle at Rs 2.55 lakh across several major retail hubs. Smaller weight categories mirrored the downward movement in equal proportion. Retailers marked 100 grams of silver down by Rs 500 to Rs 25,500, while 10 grams dropped by Rs 50 to trade at Rs 2,550. For smaller bar and coin purchases, 8 grams slipped by Rs 40 to Rs 2,040, and single gram prices trimmed Rs 5 to settle at Rs 255.\n\n \n\nThe Steep Rs 40,000 Crash Over Six Sessions\n\nThe latest single-day cut is part of an ongoing multi-session selloff that has drastically eroded the metal's valuation in less than a week. Just a day prior on February 17, 1 kilogram of silver plummeted by Rs 8,000, which followed a significant decline of Rs 7,000 recorded on February 16. The weakness was equally pronounced late last week: prices dropped by Rs 5,000 on February 14 immediately after a massive collapse of Rs 15,000 on February 13. Taken together, silver has shed an astonishing Rs 40,000 per kilogram across the past six trading days, catching short-term buyers off guard and shaking confidence in the physical retail market.\n\n \n\nCurrent Pricing Trends Across Major Indian Metros\n\nRegional variations continue to shape retail billing across the country depending on local supply dynamics, warehousing expenses, and transportation. In leading commercial centers including Mumbai, Delhi, Kolkata, Pune, Ahmedabad, and Bengaluru, 1 kilogram of silver stood firmly at Rs 2.55 lakh on February 18. Conversely, southern states continue to price the metal at a mild premium. Across Chennai, Hyderabad, and throughout Kerala, silver traded at Rs 2.60 lakh per kilogram, maintaining a consistent Rs 5,000 premium over northern and western domestic centers.\n\n \n\nCOMEX Technical Picture and Global Triggers\n\nWeighing in on the international trajectories, Ponmudi R, CEO of Enrich Money, provided an in-depth breakdown of prevailing market structures. On the global COMEX exchange, silver has retreated to trade within the $73 to $80 zone, representing a substantial correction from its historic all-time highs above $121 per ounce. While higher timeframes still reflect an intact broader bullish architecture, the aggressive drop has pulled prices below pivotal moving averages. This shift underscores clear short-term bearish momentum and points to an extended corrective phase before any meaningful recovery can take shape.\n\nTechnically, a crucial demand cushion is situated in the $65 to $70 support band, which aligns directly with historical swing lows and long-term trend support. If the asset successfully defends this structural foundation and manages a breakout and close above the $85 to $92 barrier, upside momentum could resume toward target ranges of $95 to $105, opening the door for a potential retest of record peaks. Over the medium to long horizon, the broader backdrop remains constructive, anchored by relentless industrial consumption and ongoing structural constraints in global supply, despite prevailing short-term volatility.\n\n \n\nMCX Outlook and Trading Strategy\n\nThe domestic futures landscape on the Multi Commodity Exchange reflects a parallel technical setup. MCX silver contracts are oscillating within the Rs 2,30,000 to Rs 2,70,000 band, pulling back dramatically from historic record levels registered near Rs 4,20,000. Much like its international counterpart, the long-term bullish trend remains valid, but the velocity of the recent drop has forced contracts below key moving averages, signaling persistent corrective headwinds in the near term.\n\nSubstantial dip-buying interest remains anchored around the Rs 2,25,000 to Rs 2,35,000 support band, a zone bolstered by prior structural floors and intermediate swing lows. A solid defense of this territory, accompanied by a decisive rebound, could re-energize bullish momentum toward the Rs 3,00,000 to Rs 3,25,000 targets. For positional market participants, pullbacks toward these defined support levels may offer calculated accumulation opportunities. However, an outright breakdown beneath this support base could trigger accelerated liquidation, extending the ongoing corrective phase further into uncharted lower bounds.\n\nWhat this means for you\nThe continuous drop in silver rates significantly lowers the acquisition cost for physical buyers while resetting risk levels for derivatives traders.\n\n• Across India: The cumulative Rs 40,000 fall in six days offers relief to retail jewelry consumers and coin collectors. With 10 grams now down to Rs 2,550, household budgets for gifting and upcoming functions are visibly easing.\n• In Northern and Western Cities: Buyers across Mumbai, Delhi, Kolkata, Pune, Ahmedabad, and Bengaluru can purchase metal at Rs 2.55 lakh per kg. Consumers in these regions are benefiting from a Rs 5,000 per kg discount relative to southern states.\n• In Chennai, Hyderabad, and Kerala: Retail rates stand at Rs 2.60 lakh per kilogram due to regional supply factors. Buyers in these markets must account for slightly higher local premiums when making fresh purchases.\n• For Investors and Traders: Technical support at Rs 2,25,000 to Rs 2,35,000 on MCX defines the current risk-reward zone. Maintaining this floor allows positional market players to explore measured accumulation opportunities during price dips.\n\nWhy this happened\nThe sharp slide in silver prices stems from intense profit-taking and technical breakdown after assets hit unprecedented peaks globally and domestically. Breaking below major moving averages triggered follow-through liquidation.\n\n• Exhaustion After Record Highs: Contracts touched historic summits above $121 on COMEX and near Rs 4,20,000 on MCX. Excessive valuations invited aggressive unwinding and profit realization across major trading desks.\n• Breach of Technical Moving Averages: The swift downward move pulled silver under critical long-term moving averages. That technical breach reinforced short-term bearish pressure and prolonged the ongoing corrective cycle.\n• Consecutive Selling Wave: The decline began with a massive Rs 15,000 plunge on February 13 and sustained subsequent cuts of Rs 5,000, Rs 7,000, and Rs 8,000. That unrelenting momentum culminated in an aggregate six-day drop of Rs 40,000.\n\nQuestions & Answers\n\n1. What was the price of 1 kg silver on February 18?\nOn February 18, 1 kg of silver dropped by Rs 5,000 to settle at Rs 2.55 lakh.\n\n2. How much has silver fallen over the past six days?\nSilver prices have crashed by a cumulative Rs 40,000 per kilogram over the last six sessions.\n\n3. What are the silver rates in Delhi and Mumbai?\nIn Delhi and Mumbai, 1 kg of silver traded at Rs 2.55 lakh.\n\n4. What is the prevailing silver rate in Chennai and Hyderabad?\nSilver is trading at Rs 2.60 lakh per kilogram across Chennai, Hyderabad, and Kerala.\n\n5. What are the key support levels on MCX silver futures?\nAnalysts place a solid support band between Rs 2,25,000 and Rs 2,35,000 on MCX.\n\n6. What is the technical outlook for COMEX silver?\nCOMEX silver has strong support at $65 to $70, with a move above $85 to $92 potentially reviving targets to $95 to $105.",
  "url": "https://trendkia.com/en/market/chandi-ki-kimaton-men-joradara-giravata-chhaha-dinon-men-40-000-rupaye-taka-lurhake-dama-53294",
  "category": "Market",
  "publishedAt": "2026-10-30",
  "tags": [
    "Silver Price",
    "MCX Silver",
    "COMEX Silver",
    "Bullion Market",
    "Commodity Trading",
    "Silver Outlook"
  ],
  "language": "en",
  "site": "TrendKia",
  "whatItMeansForYou": "The continuous drop in silver rates significantly lowers the acquisition cost for physical buyers while resetting risk levels for derivatives traders.\n\n• Across India: The cumulative Rs 40,000 fall in six days offers relief to retail jewelry consumers and coin collectors. With 10 grams now down to Rs 2,550, household budgets for gifting and upcoming functions are visibly easing.\n• In Northern and Western Cities: Buyers across Mumbai, Delhi, Kolkata, Pune, Ahmedabad, and Bengaluru can purchase metal at Rs 2.55 lakh per kg. Consumers in these regions are benefiting from a Rs 5,000 per kg discount relative to southern states.\n• In Chennai, Hyderabad, and Kerala: Retail rates stand at Rs 2.60 lakh per kilogram due to regional supply factors. Buyers in these markets must account for slightly higher local premiums when making fresh purchases.\n• For Investors and Traders: Technical support at Rs 2,25,000 to Rs 2,35,000 on MCX defines the current risk-reward zone. Maintaining this floor allows positional market players to explore measured accumulation opportunities during price dips.",
  "whyItHappened": "The sharp slide in silver prices stems from intense profit-taking and technical breakdown after assets hit unprecedented peaks globally and domestically. Breaking below major moving averages triggered follow-through liquidation.\n\n• Exhaustion After Record Highs: Contracts touched historic summits above $121 on COMEX and near Rs 4,20,000 on MCX. Excessive valuations invited aggressive unwinding and profit realization across major trading desks.\n• Breach of Technical Moving Averages: The swift downward move pulled silver under critical long-term moving averages. That technical breach reinforced short-term bearish pressure and prolonged the ongoing corrective cycle.\n• Consecutive Selling Wave: The decline began with a massive Rs 15,000 plunge on February 13 and sustained subsequent cuts of Rs 5,000, Rs 7,000, and Rs 8,000. That unrelenting momentum culminated in an aggregate six-day drop of Rs 40,000.",
  "questionsAndAnswers": [
    {
      "question": "What was the price of 1 kg silver on February 18?",
      "answer": "On February 18, 1 kg of silver dropped by Rs 5,000 to settle at Rs 2.55 lakh."
    },
    {
      "question": "How much has silver fallen over the past six days?",
      "answer": "Silver prices have crashed by a cumulative Rs 40,000 per kilogram over the last six sessions."
    },
    {
      "question": "What are the silver rates in Delhi and Mumbai?",
      "answer": "In Delhi and Mumbai, 1 kg of silver traded at Rs 2.55 lakh."
    },
    {
      "question": "What is the prevailing silver rate in Chennai and Hyderabad?",
      "answer": "Silver is trading at Rs 2.60 lakh per kilogram across Chennai, Hyderabad, and Kerala."
    },
    {
      "question": "What are the key support levels on MCX silver futures?",
      "answer": "Analysts place a solid support band between Rs 2,25,000 and Rs 2,35,000 on MCX."
    },
    {
      "question": "What is the technical outlook for COMEX silver?",
      "answer": "COMEX silver has strong support at $65 to $70, with a move above $85 to $92 potentially reviving targets to $95 to $105."
    }
  ]
}