Silver Prices Surge After Fall: February 4th Rates Revealed

• Silver prices in the domestic market showed renewed strength on February 4th, climbing to ₹40,000 per kilogram in the spot market.
• On MCX, silver futures rose by approximately 4.75 percent to ₹2,80,754 per kilogram, bringing relief to investors after recent fluctuations.
• Internationally, silver prices gained about 4.3 percent, reaching $86.85 per ounce, supported by renewed safe-haven buying.
• After a significant 45 percent fall from its peak, buying emerged from investors, and increased demand in the physical market supported prices.
• Experts suggest a strategy of buying on dips and profit-taking on rallies as silver is expected to consolidate within the $72–$87 per ounce range.

Why It Matters: Silver prices surged on February 4th, both domestically and internationally, driven by safe-haven buying and investor demand.