Silver prices are seeing strong volatility in both domestic and global markets. On MCX, silver recently made a fresh all-time high of around Rs 2,59,692 per kg. After this peak, prices slowly corrected. And now, silver is trading near Rs 2,46,641 per kg, showing a sharp fall of nearly 4.7 per cent.
In the global market, silver touched a new high of $77.020 per troy ounce, a drop of 4.96 per cent. However, on COMEX, silver is currently weak by nearly 2 per cent, trading below $80 per troy ounce. Despite today’s fall, silver has given close to a 6 per cent return in the last five days. Rising Venezuela tensions supported silver prices earlier.
With such fast moves, investors are now asking an important question: Will silver prices rise further in 2026? Can silver reach Rs 3 lakh per kg?
Experts say silver will consolidate before moving higher
During a discussion between Mrituenjay Kumar Jha, Zee Business and market experts, valuable insights were shared.
Avinash Gupta, VC, GJC, said silver is moving step by step. He explained that whenever prices rise too fast, a correction comes. After that, silver consolidates and then moves higher. This pattern is healthy for the metal.
He believes silver prices will not stop here and can move further up. According to him, slow growth is better for investors and the commodity market. When precious metals rise very fast, risk increases.
Gupta also added that if someone buys silver near Rs 2.5 lakh, they should be mentally prepared for levels near Rs 2,15,000 during corrections. He feels that the journey toward Rs 3 lakh is possible in the long run.
Markets remain volatile because gold and silver have been making new highs due to ETFs and geopolitical tensions. This creates frequent ups and downs in prices.
Advice for investors amid market volatility
Bhavik Patel, Tredbull Securities, advised traders to stay cautious. Since silver is trading near lifetime highs, a $2–$3 correction is possible.
According to him, investors should wait this time and consider buying precious metals near Rs 2,45,000. If prices fall further, traders should wait for more correction before entering. This helps reduce risk during volatile market conditions.
Gold outlook and investment strategy for 2026
Bhavik Patel says gold may not show strong shocks like white metal. Due to RBI intervention, the rupee has strengthened slightly, which is visible on MCX. He also highlighted that Nonfarm Payrolls data may impact prices. He suggests waiting near Rs 1,37,000 per 10 gram for buying gold.
Gupta expects gold to remain more stable compared to silver. He sees around 10 per cent upside over time and only 2–3 per cent downside. Gold is expected to stay less volatile than silver.
For investors, Gupta suggests buying silver after a 10 per cent correction and buying gold after a 2 per cent correction to target 5–10 per cent gains.