Silver rate today declined on MCX as lingering uncertainty over US tariff policy and ongoing US-Iran negotiations eased. Iran and the US were scheduled to hold another round of talks in Geneva today, aimed at resolving their long-running nuclear dispute and preventing fresh US strikes on Iran following a significant military buildup in the region.
On Thursday, February 26, MCX silver rate fell 2% to ₹2,62,892.00 while MCx Gold lost 0.4% to ₹1,60,516 per 10 grams.
In international markets as well, Spot silver shed 0.6% to $88.84 an ounce after rising to a three-week high in the previous session.
Meanwhile, Gold prices pushed closer to the $5,200 level, extending gains after climbing nearly 6% over the past six sessions, as the buildup of US troops in the Middle East kept global markets on edge. Spot gold was up 0.3% at $5,183.85 an ounce as of 0258 GMT, after touching a more than three-week high on Tuesday. US gold futures for April delivery eased 0.5% to $5,200.50.
Among other precious metals, spot platinum declined 0.5% to $2,274.16 an ounce, while palladium slid 1.4% to $1,770.05. Both metals had reached three-week highs in the previous session.
Investors will be also focused on weekly jobless claims data due later in the day, which could offer further clues on the Federal Reserve’s monetary policy outlook.
Will Silver prices rise in 2026?
Renisha Chainani, Head – Research at Augmont stated silver has achieved the target of $85 (~ ₹2,60,000). Prices are now gradually approaching the next resistance level of $90 (~ ₹269,000) and $92 (~ ₹2,75,000).
For gold, the expert noted, “gold has achieved the target of $5200 (~ ₹1,61,000). This technical breakout indicates renewed bullish momentum, with prices now likely targeting the next resistance zones at $5,300 (~ ₹1,64,000) and $5,400 (~ ₹1,67,000).
Meanwhile, as per Geojit investments believes the white metal will continue to rise in 2026 as well.
“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,” the brokerage noted.
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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