Silver Price Today, 17 February 2026: Silver prices in India crash 23.4% in February to ₹2.68 lakh/kg, down 35% from January peak. Get latest MCX rates & city-wise prices in Delhi, Mumbai, Chennai, Kolkata for 17 February 2026.
Silver Price Today, 17 February 2026
Silver Price Today, 17 February 2026: Delhi's silver prices fell to yet another all-time low for the year on Tuesday, continuing their disastrous decline. With prices currently trading at levels that have erased all gains from January's historic rise and more, the metal's decline shows no signs of abating.
The gold-silver ratio has exploded to historic highs above 90:1, indicating extreme silver undervaluation on paper.
The wholesale hub is witnessing panic-like conditions with buyers completely absent.
The capital city saw another sharp ₹7 per gram decline, extending the losing streak.
Aligns with pan-India crash; restocking activity remains non-existent.
Industrial demand completely overwhelmed by the selling tsunami.
The southern hub's traditional premium has not only eroded but reversed; rates now at par with national average.
| City | 10g (₹) | 100g (₹) | 1kg (₹) |
|---|---|---|---|
| Chennai | 2,680 | 26,800 | 2,68,000 |
| Mumbai | 2,680 | 26,800 | 2,68,000 |
| Delhi | 2,680 | 26,800 | 2,68,000 |
| Kolkata | 2,680 | 26,800 | 2,68,000 |
| Bengaluru | 2,680 | 26,800 | 2,68,000 |
| Hyderabad | 2,680 | 26,800 | 2,68,000 |
| Kerala | 2,680 | 26,800 | 2,68,000 |
| Pune | 2,680 | 26,800 | 2,68,000 |
| Ahmedabad | 2,680 | 26,800 | 2,68,000 |
| Date | 10g (₹) | 1kg (₹) |
|---|---|---|
| 17 Feb, 2026 | 2,680 | 2,68,000 |
| 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 |
| Metric | Rate (₹/kg) |
|---|---|
| 1 February Opening | 3,50,000 |
| 17 February Closing | 2,68,000 |
| Highest Peak | 3,50,000 (1 Feb) |
| Lowest Point | 2,68,000 (17 Feb) |
| Monthly % Change | -23.43% |
| Performance | Unrelenting crash |
| 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 disastrous 23.4% drop from its February 1 high marks a total market collapse. Following January's exuberant 47% increase, aggressive profit-booking remained the key driver. This has been exacerbated by a toxic confluence of variables, including a hawkish Federal Reserve strengthening the US dollar, margin hikes pressuring leveraged traders into panic liquidation, and the utter disappearance of retail and industrial buying enthusiasm. The collapse of successive support levels—₹3 lakh, ₹2.90 lakh, ₹2.80 lakh, and now ₹2.70 lakh—triggered cascading stop-loss selling, producing a self-sustaining downward cycle. The market is showing classic capitulation traits.
With every technical support level shattered, silver is in uncharted territory. The next psychological levels are ₹2.60 lakh, followed by ₹2.50 lakh. Below that, the January opening level of ₹2.38 lakh looms. Fundamental supports have completely failed—Chennai's premium is gone, industrial buyers are sidelined, and even dip-buyers who attempted to catch the fall at ₹2.90 lakh and ₹2.80 lakh have been crushed. A bottom may only form when either selling exhausts itself (look for unusually high volumes on a day that closes flat or higher) or a powerful fundamental catalyst emerges, such as a sharp US Dollar reversal or dramatic industrial demand news.
For long-term investors, silver's 35% crash from the January peak presents an extreme version of the "falling knife" dilemma. While industrial demand drivers—solar, EVs, 5G—remain structurally intact for the decade, sentiment-driven sell-offs of this magnitude can persist longer and go deeper than any fundamentals would suggest. "Catching a falling knife" is extremely dangerous—prices that look historically cheap today could become significantly cheaper tomorrow. Analysts unanimously recommend extreme caution. If accumulating, use only a tiny portion of capital and employ a ultra-gradual SIP approach—tiny amounts at regular, wide intervals. Trying to time a bottom in this environment is extraordinarily risky.
