Silver slides Rs 10k on MCX: March 2026 future prices fall nearly 3%; what's the outlook?

Silver prices took a dive connected Thursday, falling by Rs 10,000 during trading hours. The March 2026 futures connected MCX dropped from Wednesday's closing of Rs 2,50,605 per kg to Rs 2,40,605, earlier settling astatine Rs 2,43,911 by midday.

This crisp diminution comes aft December's grounds precocious of $83.60 per ounce.The steep terms correction hinted astatine increasing instability successful precious metals markets. By noon, metallic was trading down 2.67 per cent from its erstwhile close, showing conscionable however rapidly marketplace sentiment tin shift.HSBC has updated its outlook for silver, coating a representation of gradual terms diminution implicit the coming years, arsenic reported by ET. While they've raised their 2026 mean terms forecast to $68.25 per ounce, they expect prices to autumn to $57.00 successful 2027 and further to $47.00 by 2029.The slope pointed to respective reasons for their stance. Demand successful manufacture is weakening, and jewelry purchasers are turning distant successful ample numbers, being enactment disconnected by prices that are excessively steep. While metallic request has a monolithic shortage of 230 cardinal ounces successful 2025, it is acceptable to alteration to 140 cardinal ounces successful 2026 and lone 59 cardinal ounces successful 2027.Mining accumulation is besides seeing an summation owed to enhanced recycling and byproducts. Though golden is simply a changeless enactment for safe-haven assets, it looks similar the depletion from manufacture and jewelry for metallic is slowing down.(Disclaimer: Recommendations and views connected the banal marketplace and different plus classes fixed by experts are their own. These opinions bash not correspond the views of The Times of India)