Silver Price Today, 16 February 2026: Silver prices in India hit a fresh 2026 low at ₹2.74 Lakh/kg on 16 February, down 21.5% in February. Check city-wise rates in Delhi, Mumbai, Chennai & more. Expert analysis & buying tips inside.
Silver Price Today, 16 February 2026
Silver Price Today, 16 February 2026: Monday's unrelenting decline in silver prices in Delhi saw the metal break below the February support level, setting a new low for the year. The ongoing sell-off is still going strong, and prices are currently trading at levels not seen since the start of the record-breaking surge in late January.
The gold-silver ratio has surged to multi-decade highs, highlighting extreme silver underperformance.
The wholesale hub continues to witness relentless selling pressure with no buyers emerging.
The capital city saw another marginal decline, extending the losing streak.
Aligns with pan-India downtrend; restocking activity remains completely absent.
Industrial demand from electronics sector insufficient to absorb selling pressure.
The southern hub's traditional premium remains completely eroded; rates now below national average in real terms.
| City | 10g (₹) | 100g (₹) | 1kg (₹) |
|---|---|---|---|
| Chennai | 2,749 | 27,490 | 2,74,900 |
| Mumbai | 2,749 | 27,490 | 2,74,900 |
| Delhi | 2,749 | 27,490 | 2,74,900 |
| Kolkata | 2,749 | 27,490 | 2,74,900 |
| Bengaluru | 2,749 | 27,490 | 2,74,900 |
| Hyderabad | 2,749 | 27,490 | 2,74,900 |
| Kerala | 2,749 | 27,490 | 2,74,900 |
| Pune | 2,749 | 27,490 | 2,74,900 |
| Ahmedabad | 2,749 | 27,490 | 2,74,900 |
| Date | 10g (₹) | 1kg (₹) |
|---|---|---|
| 16 Feb, 2026 | 2,749 | 2,74,900 |
| 15 Feb, 2026 | 2,750 | 2,75,000 |
| 14 Feb, 2026 | 2,750 | 2,75,000 |
| 13 Feb, 2026 | 2,800 | 2,80,000 |
| 12 Feb, 2026 | 2,950 | 2,95,000 |
| 11 Feb, 2026 | 2,900 | 2,90,000 |
| 10 Feb, 2026 | 2,900 | 2,90,000 |
| 09 Feb, 2026 | 3,000 | 3,00,000 |
| 08 Feb, 2026 | 2,850 | 2,85,000 |
| 07 Feb, 2026 | 2,850 | 2,85,000 |
| Metric | Rate (₹/kg) |
|---|---|
| 1 February Opening | 3,50,000 |
| 16 February Closing | 2,74,900 |
| Highest Peak | 3,50,000 (1 Feb) |
| Lowest Point | 2,74,900 (16 Feb) |
| Monthly % Change | -21.46% |
| Performance | Continued decline |
| Metric | Rate (₹/kg) |
|---|---|
| 1 January Opening | 2,38,000 |
| 31 January Closing | 3,50,000 |
| Highest Peak | 4,10,000 (29 Jan) |
| Lowest Point | 2,38,000 (1 Jan) |
| Monthly % Change | +47.06% |
| Performance | Rising sharply |
Digital Gold & Silver Apps: PhonePe (MMTC-PAMP, SafeGold), Google Pay, Paytm, OroPocket (₹1 entry, Bitcoin rewards).
Jewellery Brand Platforms: Tanishq, CaratLane, Kalyan Jewellers Candere (silver coins, bars, utensils).
Physical Bullion Platforms: MMTC-PAMP (999.9 purity silver bars/coins), Augmont, Motilal Oswal.
Silver's brutal 21.5% decline from the February 1 peak represents a complete reversal of January's euphoria. Aggressive profit-booking after the historic 47% January surge continues unabated. This has been amplified by a perfect storm of negative factors: a hawkish Federal Reserve nomination strengthening the US dollar, margin hikes forcing leveraged traders to liquidate, and complete evaporation of retail buying interest. The breach of the previous ₹2.75 lakh support has likely triggered fresh stop-loss selling, accelerating the decline.
With no clear technical support until ₹2.50 lakh, the market is in uncharted territory. The complete erosion of Chennai's traditional premium—a key indicator of physical demand—suggests even traditional buyers are waiting on the sidelines. The next support levels are psychological: ₹2.70 lakh, followed by ₹2.50 lakh. A bottom may only form when either selling exhausts itself or a fundamental catalyst emerges, such as a sharp pullback in the US Dollar or fresh industrial demand news from the solar or EV sectors.
The 21.5% February slump presents a typical "falling knife" scenario for long-term investors. While industrial demand drivers such as solar panel manufacturing, electric vehicles, and electronics are structurally robust, sentiment-driven sell-offs can last longer than fundamentals suggest. Catching a falling knife can be dangerous, as a price that appears low today may drop even lower tomorrow. Analysts recommend avoiding huge purchases all at once and instead advocating for a phased accumulation plan that entails distributing modest sums over time. Systematic investment plans (SIPs) in digital silver or silver ETFs are ideal for this strategy since they allow for cost averaging during the downturn.
