The price of silver is currently 35 percent below its record high level. Last Friday, January 30, 2026, gold and silver witnessed their sharpest fall in decades. Gold prices fell by more than 11% in the international market, while silver fell by more than 31% on COMEX. After a sharp fall, the price of silver has now fallen by about 35% from its record high of $ 121.755 an ounce. According to the news of livemint, experts believe that there is still more correction left in silver and big institutional investors can continue booking profits in future also.
Reason for sharp fall in silver
According to experts, the reason for the heavy selling in silver was also the huge macro re-pricing in the market after US President Donald Trump nominated Kevin Warsh as the next Federal Reserve Chairman. He said that due to Warsh’s strict inflation policy and emphasis on Fed independence, the dollar strengthened, real yields rose, and overleveraged positions in gold and silver began to unwind rapidly. This was the reason why there was a massive selloff, which wiped out the market cap worth billions of dollars.
CME increased margin on gold and silver
Anticipating further fall in silver prices, SEBI registered commodity expert Anuj Gupta said that after copper, Chicago Mercantile Exchange (CME) has now increased the margin money on both gold and silver. CME has increased the margin on gold from 6% to 8%, while the margin on silver has been increased from 11% to 15%. This may further increase the pressure on precious metals. The Indian jewelery sector has been hit twice due to high prices of gold and silver and weak demand. It is expected that import duty can be reduced in Budget 2026. If this happens, both domestic and global factors may prove negative for gold and silver prices.
Another 30% fall in silver is possible!
Is the silver rally over now? Experts believe that the opening of silver in the international market on Monday will be very important. Experts believe that even though the structural demand for silver remains, at current levels silver is in a bubble zone. From here we may see a further decline of at least 30% in silver. The price of silver may reach $50 per ounce by the end of June 2026. At the same time, the price of silver on MCX in India is currently around ₹ 2,92,000 per kg, which may slip to ₹ 2 lakh per kg by June 2026.
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