Silver prices experienced significant fluctuations today, even as gold slipped below the $4,900 mark. Global market trends and currency movements continued to influence the precious metals market.
In international markets, silver remained volatile, while softer US Treasury yields provided only limited support to gold. Meanwhile, a stronger US dollar, with the dollar index rising 0.10% to 97.25, made dollar-denominated bullion more expensive for buyers using other currencies.
Easing geopolitical tensions between the US and Iran also lowered safe-haven demand. In Geneva, both nations reached an understanding on guiding principles for future nuclear negotiations. Iranian Foreign Minister Abbas Araghchi described the discussions as constructive, but emphasized that a final agreement is not yet imminent, urging the US to refrain from threats of force.
Market participants noted that thin liquidity, due to Lunar New Year holidays in parts of Asia, capped broader price momentum.
Also read : Silver Prices Today Feb 10, 2026: Slips Over 2% Amid Profit Booking
Analysts attributed silver’s heightened volatility to supply-demand imbalances and profit booking following sharp gains over the past year. Despite short-term fluctuations, institutional interest in precious metals remains steady. Gold ETF holdings are gradually increasing, and physical demand continues to be strong in India and China.
From a technical perspective, MCX silver shows support levels at Rs 2,24,400 and Rs 2,18,800, while resistance is seen at Rs 2,32,200 and Rs 2,36,000.
Silver Prices Across Major Indian Cities (Feb 18, 2026)
- Delhi: Rs 255 per gram | Rs 255,000 per kg
- Chennai: Rs 260 per gram | Rs 260,000 per kg
- Bengaluru: Rs 255 per gram | Rs 255,000 per kg
- Mumbai: Rs 255 per gram | Rs 255,000 per kg
- Pune: Rs 255 per gram | Rs 255,000 per kg
- Kolkata: Rs 255 per gram | Rs 255,000 per kg