Silver Price Today, 8 February 2026: Silver prices in India staged a big technical bounce on Saturday, recovering some of the sharp losses suffered during the previous day’s drop. The metal experienced a corrective bounce at lower levels, indicating that some market players saw the previous collapse as an overreaction.
Silver Price Today (8 February, 2026)
- 1 gram: ₹285
- 8 grams: ₹2,280
- 10 grams: ₹2,850
- 100 grams: ₹28,500
- 1 kg: ₹2,85,000
- The retail price jumped by ₹10,000 per kg, a recovery of 3.6% from yesterday’s low.
- MCX Silver (Feb 2026) futures are expected to trade higher, potentially near ₹2,65,000 per kg, as short-covering and bargain-hunting lift prices off their lows.
Silver Rate Today: Strong Bounce from Oversold Lows
- The price made a strong recovery from yesterday’s new monthly low of ₹2.75 lakh per kg.
- The strong selling pressure may have momentarily worn itself out, allowing for a technical correction, as evidenced by today’s increase.
- While the rebound was remarkable, it only recovered a percentage of the losses from the recent crash, thus the overall trend remains negative.
- The market will now test whether this bounce can be sustained or if it will attract fresh selling at higher levels.
Silver Price Today: MCX Gold & Silver Prices in India
- MCX Silver Futures (Feb 2026): Trading higher, expected near ₹2,65,000 per kg.
- MCX Gold Futures (Feb 2026): At ₹1,56,600 per 10g, showing a parallel strong rally.
Both precious metals rose in tandem, with gold outperforming in terms of percentage gains.
Silver Prices in Mumbai
- 10 grams: ₹2,850
- 100 grams: ₹28,500
- 1 kg: ₹2,85,000
The financial capital saw a recovery of ₹10 per gram.
Silver Rate Today in Delhi
- 10 grams: ₹2,850
- 100 grams: ₹28,500
- 1 kg: ₹2,85,000
The capital city led the rebound, with prices rising sharply from the lows.
Silver Prices in Kolkata
- 10 grams: ₹2,850
- 100 grams: ₹28,500
- 1 kg: ₹2,85,000
The upward move was uniform across major trading hubs.
Silver Rate in Bengaluru
- 10 grams: ₹2,850
- 100 grams: ₹28,500
- 1 kg: ₹2,85,000
Bargain-buying emerged among retail investors at the lower price levels.
Silver Prices in Chennai
- 10 grams: ₹2,850
- 100 grams: ₹28,500
- 1 kg: ₹2,85,000
The southern hub participated in the recovery, with rates aligning nationally.
Silver Price City-wise (₹/kg)
| City | 10 grams | 100 grams | 1 kg |
|---|---|---|---|
| Chennai | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Mumbai | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Delhi | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Kolkata | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Bengaluru | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Hyderabad | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Kochi | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Pune | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Ahmedabad | ₹2,850 | ₹28,500 | ₹2,85,000 |
Silver Rate in India for Last 10 Days
| Date | 10 grams | 100 grams | 1 kg |
|---|---|---|---|
| 08 Feb, 2026 | ₹2,850 | ₹28,500 | ₹2,85,000 |
| 07 Feb, 2026 | ₹2,750 | ₹27,500 | ₹2,75,000 |
| 06 Feb, 2026 | ₹2,999 | ₹29,990 | ₹2,99,900 |
| 05 Feb, 2026 | ₹3,000 | ₹30,000 | ₹3,00,000 |
| 04 Feb, 2026 | ₹3,200 | ₹32,000 | ₹3,20,000 |
| 03 Feb, 2026 | ₹2,800 | ₹28,000 | ₹2,80,000 |
| 02 Feb, 2026 | ₹3,000 | ₹30,000 | ₹3,00,000 |
| 01 Feb, 2026 | ₹3,500 | ₹35,000 | ₹3,50,000 |
| 31 Jan, 2026 | ₹3,500 | ₹35,000 | ₹3,50,000 |
| 30 Jan, 2026 | ₹3,950 | ₹39,500 | ₹3,95,000 |
Silver Price Movement in February 2026
| Silver Rates | 1 Kg |
|---|---|
| 1 February rate | ₹3,50,000 |
| 07 February rate | ₹2,85,000 |
| Highest rate in February | ₹3,50,000 on February 1 |
| Lowest rate in February | ₹2,75,000 on February 6 |
| Overall performance | Falling |
| % Change | -18.57% |
Silver Finds Temporary Relief After Capitulation
Global silver markets experienced a relief rally, bouncing from deeply oversold technical conditions. The violent sell-off of the previous day likely flushed out many weak-handed sellers, creating a vacuum that allowed prices to rise. The bounce was also supported by a broader recovery in the commodity complex and short-covering by traders who had bet on further declines. However, analysts cautioned that this appears to be a corrective bounce within a larger downtrend rather than a definitive reversal of fortune.
Is This a Dead Cat Bounce or the Start of a Recovery?
The critical question for traders is whether today’s rally represents a sustainable low or merely a “dead cat bounce”—a temporary rebound before the downtrend resumes. The sustainability of the recovery will depend on several factors: whether physical buying strengthens to absorb any residual selling, if the futures market can break free from lower circuit pressures, and if the macro environment (strong dollar, hawkish Fed) becomes less hostile. The ₹2.85-2.90 lakh per kg zone will be a key resistance area to watch; failure to break above it could invite renewed selling pressure next week.
