Silver Prices Plunge by ₹11,000, ETFs Also Fall: Unpacking the Sudden Crash
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Silver Plunges ₹11,000: ETFs Hit as Profit Booking, Strong Dollar Drive Sell-Off
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CNBC Awaaz•26-02-2026, 14:28
Silver Plunges ₹11,000: ETFs Hit as Profit Booking, Strong Dollar Drive Sell-Off
•Silver prices on MCX recorded a sharp decline of ₹11,000 per kg on February 26, 2026, impacting both gold and silver ETFs.
•Key reasons for the fall include profit booking after silver hit a record high of ₹3.5 lakh/kg in January, and a strengthening US dollar.
•Reduced uncertainty over America's tariff policy and US-Iran tensions, along with an overbought technical condition, also contributed to the sell-off.
•Gold prices also showed a weakening trend, with Standard Gold (99.5) at ₹1,58,406 and Pure Gold (99.9) at ₹1,59,043.
•Investors adopted a cautious approach, leading to declines of 1-3% in various silver and gold ETFs, indicating a preference for waiting over big bets.
