Silver rate today LIVE: Silver futures declined for a second consecutive session on Thursday, mirroring weak global cues. Profit-taking by investors ahead of the crucial U.S. jobs data, along with the annual rebalancing of major commodity indices, weighed on silver prices.
Silver price today on the Multi-Commodity Exchange (MCX) opened upside at ₹2,45,600 per kg and touched an intraday high of ₹2,47,127 per kg. However, profit-booking took place at the higher levels and the white metal retraced from the intraday high. MCX silver rate today for the March 2026 expiry is currently quoting ₹2,49,983 per kg, nearly ₹9,000 away from the record high of ₹2,59,322 per kg.
“Gold and silver extended losses from the previous session, as investors assessed mixed US economic data while geopolitical developments remained a key focus,” said Jigar Trivedi, Senior Research Analyst at Reliance Securities.
Geopolitical concerns also remained in focus, following US announcements aimed at asserting long-term control over Venezuelan petroleum sales and the detention of several tankers linked to Caracas.
Silver price outlook
Anuj Gupta, Director at Ya Wealth, said, “Silver rates today are under pressure due to the strong US Dollar. On the MCX, the silver price today has a strong support base at ₹2,35,000 per kg, whereas the immediate support for the white metal is placed at ₹2,40,000. On breaking below ₹2,35,000 levels, the precious bullion may try to test ₹2,22,000 to ₹2,20,000 per kg levels.”
US Supreme Court tariff decision in focus
“Gold and silver investors are advised to remain vigilant about the outcome of the US Supreme Court’s ruling on Trump’s tariffs. It is likely that the US Supreme Court’s ruling on tariffs will not favour Donald Trump. In that case, the safe-haven status of gold and silver will get a severe hit, and bullion may come under selling stress,” said Avinash Gorakshkar, a SEBI-registered market analyst.
Track this space for LIVE updates on the silver rate today.