Silver prices today surge 13% from last week’s low to Rs 2.60 lakh — should you invest now?

• Silver prices rose nearly 2.60 percent to Rs 2,60,000 per kg on MCX
• Global silver market faces supply tightness as China stockpiles hit decade lows
• Kedia Advisory cites softer US dollar and Fed easing expectations for price jump

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Silver prices climbed to Rs 2,60,00 per kilogram on February 11, representing nearly 2.60 percent gain from the previous close on MCX. Prices had slipped toward the Rs 2.30 lakh level last week, tracking global cues, amid renewed selling pressure and rising volatility.

On Comex, the metal's spot price was at $82.31 per ounce during early hours on Wednesday, which is a 2.40 percent gain from the previous close.

Meanwhile, the Indian Bullion and Jewellers Association pegged the standard price of 1 kilogram of silver at Rs 2,59,100 on its 18:30 session on February 10, which is a 2.14 percent gain from Rs 2,53,665 in the last 24 hours.

Here's how a kilogram of silver has moved.

Silver prices rebound: Should you invest in silver?

Kedia Advisory noted that silver prices jumped, buoyed by a softer US dollar and rising expectations of Federal Reserve monetary easing. Sentiment stayed positive ahead of the delayed US non-farm payrolls data, now viewed as a key catalyst for future rate moves.

It further stated that, on the supply side, the global silver market is experiencing renewed tightness. China’s stockpiles have fallen to their lowest levels in almost a decade after record exports of more than 660 tonnes in October. Inventories at Shanghai-linked warehouses and exchange volumes have also declined sharply, underscoring liquidity strains.

Meanwhile, despite record inflows into London, borrowing costs remain high. By end-January 2026, silver holdings in London vaults were at 27,729 tonnes, slightly lower than the previous month.

The report estimates that silver is finding near-term support around Rs 254,115, with a break below opening the door to a slide toward Rs 245,615. On the upside, resistance lies at Rs 268,545, and a sustained move above this level could lift prices toward Rs 274,475.