Silver Rates Today Fall Sharply: Why MCX Silver Price Crashed On February 26? Silver Rates Prediction

Silver prices at MCX dropped sharply on February 26, as international prices traded volatile. 1Kg MCX silver price dropped by 2% and touched an intraday low of Rs 2,62,892 per 1Kg. Meanwhile, physical silver rates in India stood flat for the second day in a row, with 1Kg price holding around Rs 2.85 lakh across major cities. Although, spot silver traded near 89 per ounce level, which its highest in a month, yet the trading pattern held a cautious stance.

What Is Impacting Silver Prices On February 26?

According to Ross Maxwell, Global Strategy Operations Lead, VT Markets, a softer rupee increases domestic gold prices even when international prices dip. Silver, being more industrial and volatile, reacts sharply to global growth worries, making retail participants uncomfortable during periods of uncertainty.

That being said, as per Trading Economics data, on Wednesday, US Trade Representative Jamieson Greer indicated that tariff rates for certain countries could rise to 15% or higher from the recently imposed 10%, without providing additional details. President Donald Trump offered relatively muted tariff commentary in his State of the Union address but signaled no intention to alter course, even after the Supreme Court struck down his broad reciprocal tariffs.

Also, it added that geopolitical developments also influenced the market, with US and Iranian negotiators scheduled for the latest round of nuclear talks in Geneva later today, maintaining a cautious tone among investors.

Silver Rates In India:

On February 26, 1Kg silver price traded flat at Rs 2.85 lakh in cities like Mumbai, Delhi, Kolkata, Bengaluru, Pune, and Ahmedabad among others. Meanwhile, 100 grams and 10 grams silver prices stood at Rs 28,500 and Rs 2,850. While 8 grams silver is priced at Rs 2,280 and 1 gram silver is at Rs 285.

In cities like Chennai, Hyderabad and Kerala, 1Kg silver is available at Rs 2.95 lakh.

Silver Rates In Top Cities:

City	10 Grams	100 Grams	1 Kilogram
Chennai	₹2,950	₹29,500	₹2,95,000
Mumbai	₹2,850	₹28,500	₹2,85,000
Delhi	₹2,850	₹28,500	₹2,85,000
Kolkata	₹2,850	₹28,500	₹2,85,000
Bangalore	₹2,850	₹28,500	₹2,85,000
Hyderabad	₹2,950	₹29,500	₹2,95,000
Kerala	₹2,950	₹29,500	₹2,95,000
Pune	₹2,850	₹28,500	₹2,85,000
Vadodara	₹2,850	₹28,500	₹2,85,000
Ahmedabad	₹2,850	₹28,500	₹2,85,000

Silver Rates In India Performance In Past 10 Days:

Date	10 Grams	100 Grams	1 Kilogram	Market Action
Feb 26, 2026	₹2,850	₹28,500	₹2,85,000	- Stable
Feb 25, 2026	₹2,850	₹28,500	₹2,85,000	- Stable
Feb 24, 2026	▼ ₹2,850	▼ ₹28,500	▼ ₹2,85,000	▼ -₹15,000
Feb 23, 2026	▲ ₹3,000	▲ ₹30,000	▲ ₹3,00,000	▲ +₹25,000
Feb 22, 2026	₹2,750	₹27,500	₹2,75,000	- Stable
Feb 21, 2026	▲ ₹2,750	▲ ₹27,500	▲ ₹2,75,000	▲ +₹5,000
Feb 20, 2026	₹2,700	₹27,000	₹2,70,000	- Stable
Feb 19, 2026	▲ ₹2,700	▲ ₹27,000	▲ ₹2,70,000	▲ +₹15,000
Feb 18, 2026	▼ ₹2,550	▼ ₹25,500	▼ ₹2,55,000	▼ -₹5,000
Feb 17, 2026	▼ ₹2,600	▼ ₹26,000	▼ ₹2,60,000	▼ -₹8,000

MCX Silver Price:

Physical silver prices stayed muted as MCX silver price fell by 2% to hit an intraday low of Rs 2,62,892 per 1Kg in the early trade of February 26. At the time of writing, MCX silver with March 2026 expiry, traded at Rs 2,64,878 per 1Kg, down by Rs 3,438 or 1.3%.

Spot Silver Price:

On the other hand, spot silver price remained around its $89 per ounce mark but traded in the narrow range. This metal got support from dampness in dollar and policy uncertainties in Washington.

Silver Prices Prediction:

As per Ponmudi R, CEO of Enrich Money, following are the expectations of silver prices in India and outside.

Spot Silver Price Outlook:

COMEX Silver is trading near $85-$90 after retracing from record highs above $121. The higher-timeframe bullish structure remains intact. Prices have reclaimed major moving averages, suggesting transition from corrective consolidation toward potential strength. The $70-$75 band remains a strong accumulation zone.

A sustained recovery above $92-$96 could re-ignite momentum toward $100-$105 and potentially retest prior peaks. Medium- to long-term structure remains constructive despite near-term volatility.

MCX Silver Price Outlook:

MCX Silver futures are hovering around 2,60,000-2,80,000 following consolidation. While the long-term bullish framework is intact, short-term momentum shows corrective undertones.

Key structural support lies at 2,25,000-2,35,000. A sustained hold above this region may trigger recovery toward 3,00,000-3,25,000. Positional accumulation near strong support zones may be considered tactically, though a decisive breakdown below support could accelerate downside pressure.

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