Silver hits yearly low on MCX and trades well below record peak

Silver prices on the Multi Commodity Exchange have slumped to the lowest levels seen in 2026, currently trading around ₹1,96,625 per kg. Internationally, COMEX silver is valued at approximately $54 per ounce according to current market quotes. This brings the domestic rate significantly below its historic peak, leaving a gap of ₹2,23,500 away from the record high.

Market participants and investors are currently assessing whether this steep price correction offers a favourable accumulation window for healthy long-term returns. Price dips of this scale typically prompt intense debate across trading desks regarding accumulation strategies, support levels, and medium-term target prices per kilogram in domestic and global markets.

Traders and buyers tracking this commodity should closely monitor domestic demand trends and global macroeconomic cues before committing fresh capital. Watching how prices sustain around these support levels will dictate whether further downside is expected or if a recovery towards previous highs is underway.