Silver Rate Latest Update: 6th May 2026
Gold prices on the MCX surged over 3% on Wednesday, May 6, supported by strong spot demand and a softer dollar. The rally was further aided by a drop in crude oil prices amid optimism that the US and Iran may resume negotiations to resolve their conflict.
MCX silver July futures climbed ₹6,300, or nearly 3%, to ₹2,50,724 per kg in early trade. On Tuesday, the white metal rebounded after falling in the initial hours of opening, settling at ₹2,44,420 per kg with modest gain of 0.2%.
The price of Silver 999 Fine stood at ₹251,800 per kg in Chennai on 6 May, 2026.
According to Ponmudi R, CEO of Enrich Money, on the upside, ₹2,53,000– ₹2,56,000 remains the immediate resistance band; a sustained move above this zone could extend the recovery toward ₹2,59,000– ₹2,62,000 levels.
Ponmudi further noted that on the downside a break below ₹2,49,000– ₹2,48,000 may trigger further weakness toward ₹2,44,500– ₹2,42,000. Overall, the near-term outlook remains cautiously positive, with direction dependent on the ability to hold key support levels and achieve a decisive breakout above resistance.
Silver Rate Latest Update: 8th April 2026
Silver prices climbed over 6% on Wednesday, April 8, as a broader rally in precious metals gained momentum following a two-week ceasefire agreement between the United States and Iran, aimed at advancing negotiations to end a conflict that had unsettled global markets.
The price of Silver 999 Fine stood at ₹246,130 per kg in Chennai on April 8, 2026.
Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures, explained that its price tends to fluctuate more frequently compared to gold, which implies that silver is more volatile.
Kamboj further recommended investors to employ a step-by-step investment approach, utilizing periods of corrections in silver prices instead of buying when it is at a peak.
Silver Rate Latest Update: 18th March 2026
Silver prices were trading marginally higher on Wednesday, March 18, ahead of the US Fed interest rates decision amid ongoing US-Iran war.
The price of Silver 999 Fine stood at ₹254,880 per kg in Chennai on March 18, 2026.
Renisha Chainani, Head - Research at Augmont noted that Gold and silver remain under pressure, hovering below key psychological levels of $5000 and $80 respectively.
Chainani noted that silver has also slipped below $80 (~ ₹255,000) and renewed break below $77 (~ ₹247,000) could trigger further profit-booking, dragging prices towards $70 (~ ₹230,000) in the near term.
Silver Rate Latest Update: 12th March 2026
Silver prices surged ₹8,500, or 3.2%, climbing from the day’s low to touch ₹2,74,665 per kg, on Thursday, March 12, amid ongoing uncertainty due to the US-Iran war. However, the gains remained limited as a stronger dollar and diminishing expectations of near-term interest rate cuts weighed on sentiment.
The price of Silver 999 Fine stood at ₹273,520 per kg in Chennai on March 12, 2026.
According to Ponmudi R, CEO of Enrich Money, the key support is placed in the ₹2,58,000– ₹2,60,000 zone, and as long as prices hold above this region, the broader bullish structure remains intact. A sustained move above ₹2,70,000 could push prices toward ₹2,75,000– ₹2,80,000, while a decisive breakdown below support may accelerate downside pressure.
Silver Rate Latest Update: 18th February 2026
Silver prices rose nearly 3% on Wednesday, February 18, as several key Asian markets remained closed for the Lunar New Year holidays. However, a stronger US dollar and indications of progress in talks between the United States and Iran limited any significant upside in precious metals.
The price of Silver 999 Fine stood at ₹237,900 per kg in Chennai on February 18.
According to Ponmudi R, CEO of Enrich Money, the long-term bullish framework remains intact, the steep decline has placed prices below major moving averages, signaling short-term corrective pressure.
Ponmudi noted that a strong buying interest is visible in the ₹2,25,000– ₹2,35,000 support band, aligned with previous swing lows and broader structural support. A sustained hold above this zone, followed by a decisive recovery, could revive upward momentum toward ₹3,00,000– ₹3,25,000.
Silver Rate Latest Update: 17th February 2026
Silver prices slid over 3% on Tuesday, continuing their falling streak for the second session straight. The downward rally in the white metal was led by thin trading in Asian markets as major markets like China, Hong Kong, Singapore, Taiwan and South Korea remain shut for the entire week due to the Lunar New Year holidays.
The price of Silver 999 Fine stood at ₹235,000 per kg in Chennai on February 17.
According to Ponmudi R, CEO of Enrich Money, the long-term bullish structure remains intact, the steep pullback has dragged silver prices below major moving averages, signalling short-term bearish pressure and an ongoing corrective phase.
Strong buying interest is visible in the ₹2,25,000– ₹2,60,000 support band, aligned with prior swing lows and broader structural support. A sustained hold above this zone, followed by a decisive recovery, could revive upward momentum toward ₹3,00,000– ₹3,25,000, Ponmudi said.
Silver Rate Latest Update: 16th February 2026
Silver prices saw a 2% decline on Monday, February 16, on weak global trend and modest demand in the spot markets. The price of Silver 999 Fine stood at ₹241,920 per kg in Chennai on February 16, 2026.
Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures, believes that the white metal price is trending downward as traders reduce exposure in response to a good rally.
Kamboj further opined that the silver prices are expected to remain strong in the long term as it is backed by certain factors and trends, suggesting that silver will remain positive in the context of its upcycle.
