Silver Price Today, February 19:Silver prices continue to witness volatility, with recent sessions largely marked by declines, though intermittent gains have also been recorded. On the Multi Commodity Exchange (MCX), silver futures fell 0.72%, slipping by Rs 1,748 to trade at Rs 2,42,520 per kg. In the previous session, the contract had settled at Rs 2,44,268 per kg, while a day earlier it had dropped to Rs 2,28,783 per kg. Notably, silver futures had touched a record high of Rs 4,20,048 per kg on January 29. In this article we will track today's silver rates across different markets and also update you with metal's prices across cities in India.

In the global market, silver prices have also remained under pressure amid fluctuating demand and broader commodity market trends, influencing domestic futures and spot rates.

In the physical market, the All India Sarafa Association reported that after three consecutive sessions of decline, silver prices in Delhi rebounded to Rs 2,46,000 per kg. Meanwhile, according to the Indian Bullion and Jewellers Association (IBJA), silver was trading at Rs 2,36,798 per kg on Thursday morning.

As per data from Goodreturns, silver prices declined to Rs 2,54,900 per kg, marking a fall of Rs 19,000 over the past three days. The metal had earlier hit an all-time high of Rs 4,10,100 per kg on January 29.

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Here’s a look at the latest silver jewellery rates across major Indian cities to help buyers track current prices.

“Silver traded with mild gains on Wednesday, stabilising after recent sharp declines as bargain buying emerged at lower levels,” Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.

He noted that near-term sentiment remains cautious amid a firm US dollar and uncertainty around the policy outlook of the US Federal Reserve. However, safe-haven and ongoing central bank buying continue to provide support on dips.

In the international market, spot silver gained USD 2.06, or 3 per cent, to USD 75.60 per ounce, while gold rose nearly 1 per cent to USD 4,918.64 per ounce.

“Gold remained confined to a narrow trading range amid mixed global cues, as investors refrained from taking large directional bets ahead of the release of the FOMC minutes later in the day,” Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

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