Negative impactCommodity
Silver Prices Crash Nearly Rs 33,000 In 10 Days, Fall Below Rs 2 Lakh; Time To Invest Or More Downside Ahead?
NDTV Profit 2 hrs ago·23 Oct 2026, 6:26 am
Silver prices have dropped sharply, falling below Rs 2 lakh per kg. This decline marks a significant drop of nearly Rs 33,000 over the last 10 days. The sharp correction has raised questions about whether the metal has reached a bottom or if further downside is possible.
For investors, this volatility presents a complex situation. A drop below the psychological Rs 2 lakh mark can trigger fresh selling pressure. However, a sharp decline often tests support levels. Traders are closely watching the Rs 1.92 lakh to Rs 1.94 lakh range for signs of stability or renewed selling.
Moving forward, the key focus will be whether prices find a firm footing at these lower levels. Any sustained move below this support zone could signal more weakness, while a firm hold might indicate the start of a consolidation phase.
Affected stocks
Bearish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Multi Commodity Exchange of India (MCX).
- Category: Commodity.
- AI reads the tone as negative (potentially bearish) for the stock.
Why it matters
A routine update for Multi Commodity Exchange of India. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
