Silver Price Slips 1.59% to 2.36 Lakh/kg; Can it Reach New Record Highs?

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Moneycontrol•17-02-2026, 10:35
Silver Price Slips 1.59% to 2.36 Lakh/kg; Can it Reach New Record Highs?
- •Silver price dropped to $73 per ounce, then recovered to $75.50, still down 2.88% from previous close.
- •MCX silver futures opened at Rs 2,36,072 per kilogram, a 1.59% decline.
- •Indian Bullion and Jewellers Association pegged 1 kg silver at Rs 2,40,947 on Feb 16.
- •Ross Maxwell of VT Markets suggests new record highs are possible but unlikely this year.
- •Factors like falling real interest rates, weaker USD, and monetary easing could drive prices up, but hurdles remain.
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