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