Silver Prices

According to NSE data, Silver ETFs have crashed up to 53% from their respective 52-week highs hit in January 2026, while Gold ETFs have declined up to 26% in the same period.

The crude oil/silver ratio has fallen through the crucial support around 58, which means silver remains vulnerable to rise in oil prices.

Fresh import permits are set to ease India's silver supply constraints and premiums ahead of Diwali, though demand is expected to trail last year's levels

In the global market, gold futures on Comex were trading near $4,110 per ounce, while silver was trading near $56.50 per ounce

Praveen Singh of Mirae Asset Sharekhan said that silver has fallen quite sharply in the last few weeks. The white metal looks weaker than gold, as ETF flows are not inspiring.

Comex gold futures rose to $4,168.10 per ounce, while silver edged up to $56.10, with gold still below its year-to-date peak of $5,586.20

In near-term, silver is likely to range trade between $58 and $61. Interim resistance is at $60. Major hurdle is at $64.50.

Comex gold futures were trading $16.50 higher at $4,157.20 an ounce, while silver futures rose $0.08 to $60.37 after opening at $60.19

In the global market, gold futures on Comex were trading near $4,200 per ounce, while silver was trading near $61.40 per ounce

Gold and silver have corrected sharply since April, falling 11 per cent and 19 per cent, respectively, in USD terms.

Since gold ETFs and silver ETFs are designed to track the price of the underlying metal, a decline in the bullion prices weighs on them.

Mirae Asset Sharekhan said that traders may buy the metal with a strict stop-loss below $62 for short-term trading. Resistance is seen at $65, followed by the $66.05-$66.40 zone.

Silver may rise further to test resistance around $68 as yields, after relentless rise in last few days, can correct further. Interim resistance is seen at $66.55. Support is at $64.50-$62.80

Analysts believe the bullion rose as the US Fed rate hike is largely discounted by the market. Meanwhile, a fall in oil prices for the third straight day softened inflation concerns.

Gold edged lower in early trade on Comex after opening at $4,448 per ounce, with the precious metal last trading at $4,458.90, down $1.80 from the previous close

Mirae Asset Sharekhan said dovish Fed commentary has eased downside pressure on silver, but high China inventories, subdued LBMA lease rates and weak ETF flows remain concerns.

The US merchandise-trade deficit widened in July from $101.40 billion to $118.80 billion, the largest since early last year, as imports surged.

On the Multi Commodity Exchange (MCX), gold futures were trading near ₹1,58,300 per 10 gram at the time of writing, while silver futures were around ₹2,40,300 per kg

Silver price outlook: Praveen Singh of Mirae Asset ShareKhan said that spot silver is expected to consolidate its gains after rising a whopping 12 per cent last week.

In the global market, gold was trading near $4,465 per ounce on Comex, while silver was around $65.60 per ounce