Silver Prices Rebound 4% On MCX After Sharp Fall, Snap 7-Day Losing Streak

Silver prices rebounded sharply in futures trade on Friday, ending a seven-session losing streak. The recovery came after a steep decline in the previous session, which triggered value buying in the market.

On the Multi Commodity Exchange (MCX), silver for May delivery saw a strong upward movement. The rebound also aligned with gains in international markets and evolving global monetary signals.

MCX Silver Price Movement and Recovery

Silver futures on MCX surged by ₹8,540, or nearly 4%, to ₹2,40,000 per kg, reversing a 7-session losing streak. The previous close stood at ₹2,31,460 per kg after a cumulative decline of ₹16,734, or about 7%.

The sharp rebound signals renewed buying interest following the recent correction. This movement reflects a shift in short-term market sentiment towards recovery.

Previous Session Decline and Volatility

In the prior trading session, silver witnessed significant volatility and sharp declines. Prices fell by ₹16,734, or nearly 7%, closing at ₹2,31,460 per kg.

During intra-day trade, the metal had dropped as much as 14%, hitting a low of ₹2,14,212 per kg. This sharp fall highlighted the extent of selling pressure in the market.

Global Market Trends and Price Support

International silver prices also rebounded, supporting the domestic uptrend. On Comex, May silver futures rose by $2.43, or 3.42%, to $73.65 per ounce.

This gain marked the end of a 7-day losing streak in global markets. The recovery reflects renewed buying interest across international precious metal markets.

Monetary Policy Signals and Market Sentiment

Recent signals from major global central banks have influenced commodity market sentiment. The European Central Bank (ECB), Bank of Japan (BoJ), and Bank of England (BoE) have maintained interest rates at current levels.

However, their communication has indicated a hawkish stance, suggesting a bias towards tighter monetary policy. Such policy signals can impact precious metals by influencing currency movements and investor positioning.

Read More: Indian Steel Market Sees 18-25% Price Increase Following Extended Safeguard Duty.

Conclusion

Silver prices on MCX rebounded by nearly 4% to ₹2,40,000 per kg, snapping a 7-day losing streak. The recovery followed a sharp decline in the previous session, where prices had dropped significantly amid high volatility.

Global markets also recorded gains, with Comex silver rising over 3%. Central bank signals continue to shape broader market sentiment, even as short-term corrections drive price movements.

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