Silver Plunges ₹11,000: ETFs Hit as Profit Booking, Strong Dollar Drive Sell-Off

• Silver prices on MCX recorded a sharp decline of ₹11,000 per kg on February 26, 2026, impacting both gold and silver ETFs.
• Key reasons for the fall include profit booking after silver hit a record high of ₹3.5 lakh/kg in January, and a strengthening US dollar.
• Reduced uncertainty over America's tariff policy and US-Iran tensions, along with an overbought technical condition, also contributed to the sell-off.
• Gold prices also showed a weakening trend, with Standard Gold (99.5) at ₹1,58,406 and Pure Gold (99.9) at ₹1,59,043.
• Investors adopted a cautious approach, leading to declines of 1-3% in various silver and gold ETFs, indicating a preference for waiting over big bets.