Silver price today jumps 0.12% to Rs 2,47,840 on February 19; what lies ahead?

• Silver futures rose 0.12%, opening at Rs 2,47,840 per kg
• Global silver spot price fell 0.76 percent to $77 per ounce
• Report suggests silver may consolidate in the $70–$90 range

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The silver futures opened the February 19 session higher at Rs 2,47,840 per kilogram, representing 0.12 percent gain from the previous close. Prices had slipped amid global cues, selling pressure, and increased volatility.

On the international market, the spot price of silver was trading lower at $77 per ounce, down 0.76 percent in the last 24 hours.

Markets await the minutes of the Fed's January meeting for clearer signals on the future trajectory of interest rates, which may determine the next direction for precious metals.

Here's how a kilogram of silver has moved

Silver prices up — what lies ahead?

The Augmont Bullion report, published on February 19, noted thatsilver prices declined as demand for safe-haven assets softened. With geopolitical tensions showing signs of stabilising in recent sessions, the need for defensive exposure to precious metals has eased, prompting some investors to book profits after the recent rally.

The metal is expected to trade weak and consolidate in the $70–$90 range (Rs 2,25,000–Rs 2,85,000). A breakdown below $70 may trigger further downside toward $64 (Rs 2,00,000).  "Traders should follow a buy-on-dips, sell-on-rallies strategy," the report stated.