Silver Price Today, 19 February 2026: Silver prices in Delhi crash to new 2026 low at ₹2.55 lakh/kg. Get latest MCX silver rate, city-wise prices in Chennai, Mumbai, Kolkata & more. 38% drop from January peak.
Silver Price Today, 19 February 2026
Silver Price Today, 19 February 2026: Silver prices in Delhi continued their devastating freefall on Thursday, plunging to yet another new low for the year. The metal's steady drop shows no signs of slowing, with prices currently trading at levels that appeared unthinkable just weeks ago following January's spectacular surge.
These rates exclude GST and taxes, and are based on worldwide spot prices adjusted for the rupee. The sudden drop of ₹5,000 per kg is another terrible session for silver holders.
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | ₹255 | ₹260 | - ₹5 |
| 8 | ₹2,040 | ₹2,080 | - ₹40 |
| 10 | ₹2,550 | ₹2,600 | - ₹50 |
| 100 | ₹25,500 | ₹26,000 | - ₹500 |
| 1000 | ₹2,55,000 | ₹2,60,000 | - ₹5,000 |
The gold-silver ratio has exploded to historic highs above 95:1, indicating extreme silver undervaluation on paper.
There are no buyers at all, and the wholesale center is experiencing panic-like situations.
The losing streak continued as the capital city experienced another steep drop of ₹5 per gram.
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 below national average in real terms.
| City | 10g (₹) | 100g (₹) | 1kg (₹) |
|---|---|---|---|
| Chennai | 2,550 | 25,500 | 2,55,000 |
| Mumbai | 2,550 | 25,500 | 2,55,000 |
| Delhi | 2,550 | 25,500 | 2,55,000 |
| Kolkata | 2,550 | 25,500 | 2,55,000 |
| Bengaluru | 2,550 | 25,500 | 2,55,000 |
| Hyderabad | 2,550 | 25,500 | 2,55,000 |
| Kerala | 2,550 | 25,500 | 2,55,000 |
| Pune | 2,550 | 25,500 | 2,55,000 |
| Ahmedabad | 2,550 | 25,500 | 2,55,000 |
| Date | 10g (₹) | 100g (₹) | 1kg (₹) |
|---|---|---|---|
| 19 Feb, 2026 | 2,550 | 25,500 | 2,55,000 |
| 18 Feb, 2026 | 2,550 | 25,500 | 2,55,000 |
| 17 Feb, 2026 | 2,600 | 26,000 | 2,60,000 |
| 16 Feb, 2026 | 2,680 | 26,800 | 2,68,000 |
| 15 Feb, 2026 | 2,750 | 27,500 | 2,75,000 |
| 14 Feb, 2026 | 2,750 | 27,500 | 2,75,000 |
| 13 Feb, 2026 | 2,800 | 28,000 | 2,80,000 |
| 12 Feb, 2026 | 2,950 | 29,500 | 2,95,000 |
| 11 Feb, 2026 | 2,900 | 29,000 | 2,90,000 |
| 10 Feb, 2026 | 2,900 | 29,000 | 2,90,000 |
| Metric | Rate (₹/kg) |
|---|---|
| 1 February Opening | 3,50,000 |
| 19 February Closing | 2,55,000 |
| Highest Peak | 3,50,000 (1 Feb) |
| Lowest Point | 2,55,000 (19 Feb) |
| Monthly % Change | -27.14% |
| 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.
A 27.1% plunge from the February 1 high shows silver is in a full-blown collapse. Profit-taking after January’s 47% rally triggered the fall, which was intensified by a stronger dollar from a hawkish Fed, margin hikes forcing panic selling, and disappearing demand. Breaking key support levels sparked cascading stop-losses, creating a self-feeding downward spiral. The market is now showing classic signs of capitulation.
With every technical support level shattered, silver is in uncharted territory. The next psychological level is ₹2.50 lakh, followed by the January opening level of ₹2.38 lakh. Fundamental supports have completely failed—Chennai's premium is gone, industrial buyers are sidelined, and every dip-buyer who attempted to catch the fall at ₹2.90 lakh, ₹2.80 lakh, ₹2.70 lakh, and now ₹2.60 lakh has 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 38% 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 an ultra-gradual SIP approach—tiny amounts at regular, wide intervals. Trying to time a bottom in this environment is extraordinarily risky.
