Silver Rates In India Fall Today Again; 1Kg Silver Crashes Below Rs 2.60 Lakh; Silver Price Outlook Ahead

Silver rates in India continue to fall for the third day in a row. On February 18, 1Kg silver price plunged by Rs 5,000 and erased its Rs 2.60 lakh mark. This performance comes even when spot silver price is reversing its losses as buy-on-dips interest arises among investors. The key factor to sway sentiments ahead in silver will be US Federal Reserves' meeting minutes.

Silver Rates In India:

1Kg silver price plunged by Rs 5,000 to Rs 2.55 lakh on February 18, while 100 grams and 10 grams silver rates is at Rs 25,500 and Rs 2,550 which are down by Rs 500 and Rs 50. Furthermore, 8 grams silver dipped by Rs 40 to Rs 2,040 and 1 gram silver edged down by Rs 5 to Rs 255.

Prior to the latest decline, 1Kg silver nosedived by Rs 8,000 on February 17th and was down by Rs 7,000 on February 16th. Also, silver price dropped by Rs 5,000 on February 14th after crashing by Rs 15,000 on February 13th. That being said, in past 6 days, silver has crashed by Rs 40,000.

Silver Rates In Top Cities:

1Kg silver price stood at Rs 2.55 lakh in cities like Mumbai, Delhi, Kolkata, Pune, Ahmedabad and Bengaluru. But silver price in Chennai, Hyderabad and Kerala stood at Rs 2.60 lakh.

City	10 Gram	100 Gram	1 Kg
Chennai	₹2,600	₹26,000	₹2,60,000
Mumbai	₹2,550	₹25,500	₹2,55,000
Delhi	₹2,550	₹25,500	₹2,55,000
Kolkata	₹2,550	₹25,500	₹2,55,000
Bangalore	₹2,550	₹25,500	₹2,55,000
Hyderabad	₹2,600	₹26,000	₹2,60,000
Kerala	₹2,600	₹26,000	₹2,60,000
Pune	₹2,550	₹25,500	₹2,55,000
Vadodara	₹2,550	₹25,500	₹2,55,000
Ahmedabad	₹2,550	₹25,500	₹2,55,000

Silver Rates In India Prediction:

As per Ponmudi R, CEO of Enrich Money, following are the predictions for silver rates in India and globally.

Spot Silver Price Outlook

COMEX Silver is trading near the $73-$80 zone after a steep correction from record highs above $121. While the broader bullish structure remains intact on higher timeframes, the sharp pullback has pushed prices below major moving averages, indicating short-term bearish pressure and an extended corrective phase. Strong buying interest is visible in the $65-$70 support band, aligned with prior swing lows and long-term trend support.

A sustained hold above this base, followed by a recovery and close above $85-$92, could reignite upside momentum toward $95-$105 and potentially retest previous highs. The medium- to long-term outlook remains constructive, supported by steady industrial demand and structural supply constraints, despite elevated volatility.

MCX Silver Price Outlook:

MCX Silver futures are trading near the Rs2,30,000-Rs2,70,000 zone after correcting sharply from record highs around Rs4,20,000. While the long-term bullish framework remains intact, the steep decline has placed prices below major moving averages, signaling short-term corrective pressure. Strong buying interest is visible in the Rs2,25,000-Rs2,35,000 support band, aligned with previous swing lows and broader structural support.

A sustained hold above this zone, followed by a decisive recovery, could revive upward momentum toward Rs3,00,000-Rs3,25,000. Dips toward support may offer accumulation opportunities for positional traders; however, a decisive breakdown below this base could accelerate downside pressure and extend the corrective phase.

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