Silver rate today rose on Wednesday, February 25 as investors turned to the safe-haven metal during Asian trading amid lingering uncertainty over U.S. tariff policies. Reduced expectations of a near-term interest rate cut also supported sentiment, while gold prices advanced in early deals.
Gains in recent sessions were further underpinned by escalating geopolitical tensions in the Middle East, where the United States has reportedly built up its largest military deployment since 2003. Talks between the U.S. and Iran are scheduled to resume later this week.
On MCX, silver prices rose 2.7% to ₹2,67,990 per kg and MCX gold rate advanced 0.7% to ₹1,61,072 per 10 grams.
In international markets, Spot silver climbed 1% to $88.23 per ounce, after touching a more than two-week high on Monday. Meanwhile, Spot gold gained 0.5% to $5,174.76 per ounce as of 0159 GMT. Bullion had ended the previous session down over 1% as investors booked profits after prices hit a three-week high earlier in the day. U.S. gold futures for April delivery were up 0.3% at $5,192.20.
Among other precious metals, Spot platinum jumped 2.1% to $2,212.72 per ounce, while palladium advanced 1.4% to $1,793.68.
According to experts, the reopening of Chinese markets, coupled with rising policy uncertainty in the United States, continues to support demand for gold and silver. On the geopolitical front, Iran and the U.S. are set to hold a third round of nuclear talks on Thursday in Geneva, according to Oman’s Foreign Minister Badr Albusaidi.
Meanwhile, interest rates are likely to remain unchanged “for some time” as recent data points to improvement in the U.S. labour market, Boston Fed President Susan Collins said on Tuesday.
Silver Price: More rally on cards?
According to Geojit Investments, “The key forces that lifted silver prices in 2025 are expected to continue supporting the market in 2026. Strong industrial demand driven by rapid digitalization, AI expansion, and growth in data centers and IT infrastructure, is boosting the need for silver-intensive computing and electrical systems. At the same time, tight physical supply, geopolitical instability, U.S. trade policy uncertainty, and concerns over Federal Reserve independence are sustaining bullion’s safe haven appeal. Meanwhile, strength in gold should help cushion downside risks for silver, even as elevated price volatility remains likely in the near term.”
Technical Outlook By Geojit
LBMA Spot: MACD shows signs of convergence, while the Relative Strength Index (RSI) remains below overbought levels, indicating the potential for range bound trading in the near term. However, a clear break below $80 per troy ounce could signal near term weakness.
MCX Silver: Prices are expected to remain largely range-bound, though a brief correction cannot be ruled out. A decisive break below Rs.255
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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