Silver on the MCX fell to ₹1,92,800 per kg on Friday, dropping below ₹2 lakh for the first time since December 2025 and erasing its 2026 gains, as higher crude prices, inflation worries and expectations of tighter US monetary policy weighed on the metal. Silver is down 22.5% from its August 2026 peak and more than 50% from its January record, while gold hovered near a three-month low of ₹1.40 lakh per 10 grams. CME FedWatch put the probability of a December Fed rate hike at 81%, as Brent crude approached $115 per barrel amid Middle East tensions. Brickwork Ratings' Rajeev Sharan said silver faces extra pressure from industrial demand, while Augmont's Renisha Chainani sees possible support at $50-$55 and a further slide towards $50 over the next 10-15 days.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Silver price has broken below ₹2 lakh for the first time since December 2025 : Is this the right time to buy for returns ?
Read the original on livemint.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
PAXG/USDT
• NeutralPAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/23/2026 | 4,003.77 |
| Change that session | -0.80% |
XAUT/USDT
• NeutralTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/23/2026 | 3,994.18 |
| Change that session | -0.89% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Gold falls for fourth session as oil rally fuels inflation concerns
Gold prices fell for a fourth straight session on Wednesday as rising oil prices stoked inflation concerns, with Brent touching $111.99 a barrel on Tuesday, its highest since May 20. Spot gold slipped 0.1% to $4,119.37 an ounce, while silver fell 1.1% to $57.35, platinum dropped 0.6% to $1,639.47 and palladium lost 1% to $1,091.78. The Federal Reserve is widely expected to hold rates at its October 27-28 meeting, but traders saw an 88% chance of a December hike, per CME's FedWatch Tool, and investors await US PCE inflation data next week. Higher rates and a stronger dollar typically weigh on gold, which pays no interest.
- Silver price down nearly 60% from peak
World silver prices fell about 5.4% over the past week and are down roughly 54% from their late-January 2026 peak, while Phú Quý silver prices in Vietnam are down nearly 60% from that peak. World silver traded around 53.8 USD/ounce on the morning of 24/10, while gold hovered near 3,995 USD/ounce after slipping below 4,000 USD/ounce. The sell-off was driven by investor concerns that escalating US-Iran tensions would push crude oil to multi-year highs, and by expectations that the Fed will keep monetary policy tight ahead of its FOMC meeting on 27-28/10 and the PCE inflation report on 29/10. BlackRock's iShares Silver Trust (SLV) bought a net over 14 tonnes of silver on 23/10 and now holds 15.5 thousand tonnes, worth 26.85 billion USD. According to Kitco News, silver also faces pressure from higher energy costs weighing on production demand.
- World gold briefly drops below $4,000
Spot gold fell 0.6% to USD 3,998.49 an ounce on October 23, briefly dropping below USD 4,000 for the first time since mid-July, and was heading for its biggest weekly decline in over 4 months. Rising energy prices, with Brent crude hitting a 5-month high after Houthi attacks on Saudi Arabia, have fueled inflation worries and reinforced expectations that US interest rates will stay high. A tech-stock selloff also forced investors to post more margin, pushing them to sell gold and silver. According to CME's FedWatch tool, markets put a 92% chance on the Fed holding rates at next week's meeting and a 78% chance of a rate hike in December. Silver, palladium and platinum were also on track for weekly losses.
- Silver Is Down 17% in a Month. Here's My Prediction for What's Ahead for the Precious Metal.
Silver's spot price has fallen 17% over the past month to about $54 per troy ounce, after hitting a record $121.67 on January 29, 2026. This year, inflation led many industrial manufacturers, especially solar panel makers, to cut spending and shift to less silver or copper, while the Fed held rates steady for most of the year before raising them in September for the first time in three years, strengthening the U.S. dollar. According to the Silver Institute and Metals Focus, the supply deficit could widen from 40.3 million ounces in 2025 to 46.3 million ounces in 2026, the sixth straight year of shortfall. About 74% of silver is produced as a byproduct of mining lead, zinc, copper and gold, which limits how quickly output can rise. JPMorgan sees silver at $63 and UBS at $70 by the end of 2026.
- Peter Schiff Says Buy Gold Near $4000 As Prices Sink From January High, Warns Of Currency Crisis Worse Than 2008
Gold bull Peter Schiff urges investors to buy gold and silver as metals slide alongside U.S. stocks, arguing this offers a better buying opportunity as inflation picks up again. Gold closed at $3,996, down about 1% on the day and about 29% below its January record of $5,608, while Schiff called silver “a great buy below $54.” He cited September producer prices rising 1.3%, the largest monthly gain in over four years and driven largely by energy, and said economic growth in the first two years of Trump’s second term trailed Biden’s last two. Schiff warned high borrowing costs, with the average 30-year mortgage rate at 7.32%, are setting up a crisis worse than 2008. CME FedWatch futures priced a 68.9% chance of another 25 bps hike in December.
- Gold Fund Slips 0 . 54 % as Silver Fund Gains 1 . 13 % | Gold & Silver , Oct 20
The SPDR gold fund (GLD) fell 0.54% to US$377.65 on Tuesday, October 20, at the New York close, while the iShares silver fund (SLV) rose 1.13% to US$52.12. Kitco placed spot gold near US$4,120 an ounce and silver near US$58 after the close, and said gold stayed under pressure from inflation worries and expectations of further Federal Reserve rate rises. The dollar index fell about 0.3% to 101.7, so currency strength did not drive the move. The article says the sources do not fully explain silver's gain on their own, though silver has industrial uses such as solar panels and electronics. Polymarket priced a gold dip to US$4,100 in October at 83.0% and a rise to US$4,200 at 58.2%.
Related markets
Latest news
- IBM Continues to Plug Along, but Its Quantum Computing Bet Could Be the Real Catalyst
IBM reported third-quarter revenue up 5% to $17.1 billion, above the $16.82 billion consensus compiled by LSEG, and adjusted EPS rose 11% to $2.95 versus $2.86 expected by analysts. Consulting was flat, infrastructure rose 4%, the z17 mainframe fell 20%, and software climbed 8%, with Red Hat up 11%; IBM still targets 4% to 5% revenue growth for the year. The company is betting on quantum computing, projecting a fault-tolerant quantum computer by 2029 using qLDPC error-correcting codes, signing 16 quantum enterprise agreements this year, and advancing to Stage C of DARPA's Quantum Benchmarking Initiative. IBM trades at a forward P/E of 19 based on 2027 estimates, which the author reads as investors assigning some value to its quantum ambitions. The author views quantum as the main reason to own the stock and considers IBM a fitting part of a broader basket of quantum computing stocks.
- Anthropic's IPO Keeps Founders in Control Through a "Founder LLC" Voting Structure
Anthropic has filed its Form S-1 with the SEC, setting up a Nasdaq listing under the ticker ANT, and its proposed structure splits ownership, voting and board control across five share classes. Class F, a single share held by the founders' LLC with no economic rights, gives the co-founders 50.1% of total votes on general corporate matters, while Class T, held by the Long Term Benefit Trust, carries the sole right to elect and remove a board majority. Class N gives strategic cloud partners such as Amazon full financial ownership but no votes, and as a Delaware public benefit corporation, the board must weigh financial returns against responsible AI development for humanity's long-term benefit. The article contrasts this with the dual-class structures at Alphabet, Meta (where Mark Zuckerberg holds a 61% voting majority) and SpaceX, arguing that public investors in Class A shares receive financial exposure while governance rests with Class F and Class T holders.
- Tesla's Full Self-Driving Business Is Growing Fast. But There's a Catch for Investors
Tesla reported third-quarter results on October 21, and its shares fell about 3% afterward. Deliveries totaled 486,532, down 2% year over year but above analyst estimates, while vehicle sales fell 3%, revenue was roughly flat at $28 billion, and non-GAAP EPS dropped 4% to $0.48. The Full Self-Driving business was a bright spot: active FSD subscriptions rose 67% to 1.74 million, priced at $99 per month in the U.S., with an annual run rate approaching $1 billion, and the attach rate in North America exceeded 75%, up nearly 20 percentage points sequentially. The author flags risks including subscription retention, regulatory hurdles, a federal safety investigation after the Cybercab launch, and a valuation of 149.3x forward earnings. Given these uncertainties, the author remains skeptical and is cautious about Tesla stock at current levels.
- Should You Buy Amazon Stock Now or Wait for a Dip?
Amazon shares are up 11% over the past 12 months, trailing the S&P 500's 13% gain, and down 6% over the past six months. The stock trades at a price-to-earnings multiple of 20, or 23 on a forward basis, far below the 50 or 60 times earnings seen in the past, though recent results were helped by investment-related gains. In the second quarter, sales rose 20% and operating income grew 43% year over year, and the company still sees AI-related growth opportunities. The article notes the stock is up 47% over five years, including the 2022 crash, and says its lower valuation could make it attractive long term, while further declines are possible if concerns about the tech sector or AI capital spending grow. It argues that a greater decline is not necessarily coming and that a rally may be overdue.
- Canada opens consultation on stablecoins, citing US GENIUS Act
The Canadian government has opened a 60-day public consultation on proposed regulations for stablecoin issuers that are not financial institutions, with comments accepted until Dec. 23. The draft proposes barring interest or yield payments, requiring redemption within three business days of tokenholder requests, and capping fees at 1% of the coins' total value. The rules fall under Canada's Stablecoin Act, passed in March, and are intended to take effect in fall 2027, when non-financial issuers would have to register with the Bank of Canada before issuing stablecoins. The framework aims to stay consistent with US and other jurisdictions' stablecoin rules to reduce the regulatory burden on multi-jurisdictional issuers. Meanwhile, the US GENIUS Act is scheduled to take effect in January 2027, and the EU's MiCA could give exchanges until January to halt services for non-compliant stablecoins, likely including Tether's USDT.
- AI Agents Found a Way Into Anthropic's Business Systems in Under 12 Hours
Cathedral, a cybersecurity startup founded by four former staffers of the Department of Government Efficiency (DOGE), says its AI agents reached Anthropic's internal systems in less than 12 hours by exploiting weaknesses in third-party administrative and sales software rather than Claude itself. Anthropic confirmed access to a limited set of sales, HR and IT systems holding business contact details and basic user account records, but says customer conversations, Claude responses, source code and model weights were not reached. Anthropic said Cathedral overstated the national security implications and did not disclose all of its activity, while Cathedral said it kept data access to the absolute minimum. A senior Trump administration official, speaking anonymously, said the report has circulated in government and raised national security concerns.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.