February 10, 2026, silver in India is experiencing a significant recovery following a period of extreme volatility. After crashing from historic highs earlier in the year, the market has seen a sharp 5.3% jump, reclaiming the crucial psychological mark of ₹3,00,000 per kg.
Current Price Snapshot
1 Gram₹300📈 Up ₹15
10 Grams₹3,000📈 Up ₹150
100 Grams₹30,000📈 Up ₹1,500
1 Kilogram₹3,00,00,000📈 Up ₹15,000
Key Market Drivers & Outlook
The "Recovery Rally": After hitting a monthly low near ₹2.75 lakh/kg on February 6, silver has seen aggressive short-covering.
Traders who bet on falling prices are now buying back to exit positions, fueling the current bounce.
Global Signals:
While the US Dollar has shown some strength today—which usually pressures silver—the metal is finding support from positive global manufacturing data and its "undervalued" status compared to gold.
Resistance Levels: Experts suggest the current rally faces a tough test. While ₹3 lakh is a positive milestone, significant resistance lies in the ₹3.20 lakh to ₹3.50 lakh range
Warning: Some analysts (like those from PACE 360) remain cautious, labeling recent gains as a "dead cat bounce." They warn that despite the recovery, the long-term trend could see further corrections if industrial demand doesn't keep pace with the high price levels.
Why 2026 is a "Silver Year"Despite the recent price swings, the broader outlook for 2026 remains structurally supported by:
Green Tech Demand:
Silver's role in solar panels, EVs, and AI hardware provides a solid industrial floor.
Supply Deficit:
The market is expected to remain in a deficit for the sixth consecutive year.
Monetary Policy:
Anticipated interest rate cuts by the US Federal Reserve later this year could lower the opportunity cost of holding silver, making it more attractive to investors.
