Silver price today: Ends 2-day rebound as prices fall nearly 10% in 24 hours

• Silver price fell nearly 10 percent in 24 hours, ending its two-day rebound
• Indian silver price falls 9.64% to Rs 2,52,232/kg.
• Spot silver fell 5.86% to $79.45/oz due to market volatility.

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The standard price of silver weakened nearly 10 percent in the past 24 hours, ending its two-day rebound from its recent surge as selling pressure and volatility resurfaced in precious-metal markets.

Indian Bullion and Jewellers Association pegged the price of silver at Rs 2,52,232 per 1 kilogram at its 12:30 pm rate session on February 5, representing a decline of nearly 9.64 percent from its previous close at Rs 2,76,538.

On MCX, the metal's futures price had recovered to Rs 2,53,795 after taking the plunge as low as Rs 2,39,345 per kilogram as recorded on MCX. The price was down 5.6 percent as of 1:05 pm, and continues to trade in the red zone.

Meanwhile, the international price of spot silver was at $79.45 per ounce, which is a 5.86 percent decline from its previous close. The prices have fallen by almost $10 from the day's high.

Check the prices of silver as of February 5, 2026.

Why is silver down?

"Gold and silver erased recent gains, snapping a two-day rebound as renewed selling pressure and heightened volatility returned to precious-metal markets, noted the Augmont Bullion report.

The prices have fallen significantly after China’s gold ETFs witnessed record daily outflows, with nearly $1 billion withdrawn from major bullion-backed funds after the sharp price correction unsettled investor confidence.

Meanwhile, in the ongoing geopolitical front, Iran and the US are scheduled to meet on Friday. Earlier, the US President Trump held wide-ranging discussions with China’s Xi Jinping ahead of a proposed April visit, following Xi’s recent virtual meeting with Russia’s Vladimir Putin.

The report predicts that silver is expected to trade weak and consolidate in the $74–$91 range (Rs 2,35,000–Rs 2,85,000). A breakdown below $74 may trigger further downside toward $69 (Rs 2,20,000). So, buy on dips, sell on rallies.