What is the current price of MCX Silver futures?

The MCX Silver December Futures hit a lifetime high of ₹1,50,282 per kilogram on October 9th, 2025.

What is the market outlook for MCX Silver prices?

Analysts expect a 5% pullback in MCX Silver prices in the coming week due to profit booking pressure, with potential downside targets near ₹1,44,000, ₹1,43,000, and ₹1,42,000 levels.

Home / Business and Economy / Silver Futures Surge to Record, Analysts Forecast 5% Correction

Silver Futures Surge to Record, Analysts Forecast 5% Correction

Q: Why have MCX Silver prices surged in recent weeks?

The sharp 35% rise in MCX Silver prices over the past three weeks has been fueled by strong global cues, bullish sentiment in precious metals, and expectations of lower interest rates.

9 Oct

•

Summary

Silver futures on MCX hit all-time high of ₹1,50,282/kg
Prices surged 35% in 3 weeks due to global cues and bullish sentiment
Analysts expect profit booking and 5% pullback in the coming week

Silver Futures Surge to Record, Analysts Forecast 5% Correction

On October 9th, 2025, silver futures on the Multi Commodity Exchange (MCX) touched a lifetime high of ₹1,50,282 per kilogram during early U.S. trading hours. This remarkable 35% surge from the ₹1,11,700 level recorded just last month has been fueled by strong global cues, bullish sentiment in precious metals, and expectations of lower interest rates.

Yet, after such a steep move, market participants are now turning cautious, with many anticipating profit booking and a short-term correction in the coming sessions. Analysts believe the ₹1,50,200-₹1,50,800 zone could act as a near-term resistance, while potential downside targets lie near ₹1,44,000, ₹1,43,000, and ₹1,42,000 levels this week.

Traders are advised to consider initiating fresh short positions near the record high or selling additional lots to average out at higher levels and book profits as prices begin to correct. While the long-term fundamentals for silver remain positive, the market is expected to see a 5% pullback in the short term due to the magnitude of the recent rally.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.