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Silver Price Crashes 11% Amid Global Fears
20 Mar
Summary
- Silver experienced an 11% price crash on February 3rd, 2026.
- Global economic worries and geopolitical tensions fueled the decline.
- Domestic silver prices in India fell to Rs 2,22,234 per kilogram.
Silver prices experienced a significant 11% decline on February 3rd, 2026, attributed to widespread global economic worries. International markets saw spot silver drop by 9.5% to $68.22 per ounce, with futures falling 12% to $68.31, pushing the commodity to multi-week lows.
The sharp downturn is largely due to current geopolitical tensions involving Iran and rising inflation fears. These factors have intensified selling pressure on both gold and silver in international and domestic markets.
India's domestic market closely followed the global trend. On the Multi Commodity Exchange (MCX), silver futures fell by Rs 25,500 per kilogram, reaching Rs 2,22,234. This marks the lowest price point for silver since late December.
Month-to-date, silver has lost about 21% of its value. This substantial decrease puts the white metal on track for its second consecutive monthly decline, reflecting the broad market sentiment.
