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Silver price update
Archived — this story has rotated out of today’s deck. It is kept here in full.
The gist
Silver trades near $62.96 per troy ounce on Aug 19, 2026, down 0.55%. Investors watch if it holds above key support for a potential rebound.
Background
Silver prices have been volatile recently, influenced by interest-rate expectations, bond yields, the dollar, and geopolitical risks. On August 19, 2026, silver was trading near $62.96 per troy ounce, down 0.55% during the session, while remaining above the 20-day EMA at $62.35. The metal has seen significant gains this year, with some reports noting a rise of over 120% year-to-date.
How it unfolded
- Aug 17, 2026Silver prices in India held at ₹2.50 lakh per kg, with global cues like interest-rate expectations and geopolitical risks driving the market.
- Aug 19, 2026Silver traded near $62.96 per troy ounce, down 0.55% during the session, but remained above the 20-day EMA at $62.35. Gold and silver jumped 1.9% and 2.7% respectively before the Fed's minutes.
- Aug 20, 2026Technical analysts noted silver was retracing toward the breakout zone from a descending triangle, viewing it as a potential buying opportunity rather than a reversal, with support at 220,000 on MCX.
- Aug 21, 2026In India, silver rates varied across cities: Mumbai ₹2,43,960 per kg, Delhi ₹2,43,540, Chennai ₹2,44,670, Hyderabad ₹2,44,350, Bengaluru ₹2,44,160, Kolkata ₹2,43,640. Internationally, spot silver advanced 0.1% to $68.16 an ounce.
Who’s saying what
- Analysts
- Silver's pullback is a healthy retest of the breakout, and the bullish case remains intact as long as prices hold above key support.
- Caution
- Some market commentary framed gold and silver as 'sliding' due to rising Treasury yields and an AI-driven equity selloff, suggesting potential headwinds.
Still unverified
The claim that silver has risen over 120% YTD is from a promotional source and may not be verified.