Silver Price Today Rebounds After 11-Month Low But Remains ₹2.23 Lakh Below Record High Of ₹4,20,048 Per Kg

Today, silver prices in India rebounded in early trade after hitting an 11-month low on Friday, but the recovery faded. The metal remained near its year-to-date low, around ₹2,23,500 per kg, below its record high of ₹4,20,048 per kg.

The early gains came as crude oil prices eased and the US 10-year Treasury yield slipped below 5%, according to market experts. The move has brought bond yields back into focus as investors assess the outlook for precious metals and other asset classes.

At 1:09 pm IST on 26 October 2026, MCX silver futures (4 December 2026 contract) were trading at ₹1,95,593 per kg, down ₹126 (0.06%). Meanwhile, the silver ETF share price moved higher, with Nippon India Silver ETF rising ₹0.35, or 0.19%, to ₹184.02 as of 1:12 pm IST.

What Is Driving The Silver Price Rebound?

The latest recovery followed a decline in US bond yields and a pullback in crude oil prices. Experts attributed the fall in yields partly to expectations that the US Federal Reserve would leave interest rates unchanged at its upcoming meeting.

US bonds had attracted funds during the recent sell-off in artificial intelligence-related stocks, according to market commentary. With yields easing, investors may shift some money towards equities, gold and silver. Geopolitical tensions have also weighed on equities, adding another factor to the movement in precious metals.

The shift in sentiment comes as investors track the silver price alongside changes in bond yields and crude oil, both of which have featured in the latest market commentary.

What Could Shape Silver Prices In The Coming Months?

Silver may remain volatile, experts cautioned. A steep fall does not, by itself, confirm that prices have bottomed out. In the near term, the metal's direction will depend partly on US monetary policy, the dollar and bond yields.

Over the medium term, global manufacturing activity and industrial demand will also matter. Silver’s longer-term prospects will depend partly on demand from clean energy and industrial users. That demand is not guaranteed to keep rising. New technology could cut silver use in some products, while a slowdown in economic activity may hurt consumption.

The immediate question is whether buyers return to the market. A pickup in investment demand, along with steady industrial use, would help support prices. Until that happens, sharp swings cannot be ruled out.

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