Silver Prices Surge ₹8,300/kg on February 27, Near ₹2.7 Lakh Mark Amid Global Uncertainty
Silver prices witnessed a sharp rally on February 27, jumping by ₹8,300 per kilogram and nearing the crucial ₹2.7 lakh level, as rising geopolitical tensions and tariff uncertainties boosted demand for safe-haven assets.
On the Multi Commodity Exchange (MCX), silver futures for March 2026 delivery climbed ₹8,340, or 3.2%, to settle at ₹2,68,009 per kilogram—bringing domestic prices close to the psychological ₹2.7 lakh threshold. In comparison, gold futures for April 2026 delivery rose modestly by ₹482, or 0.3%, to ₹1,60,191 per 10 grams.
The surge in silver prices comes against a backdrop of heightened geopolitical tensions involving United States, Iran, Pakistan, and Afghanistan, along with ongoing concerns over global trade policies. Investors have been closely monitoring developments around nuclear negotiations and fresh sanctions targeting entities linked to Iran’s oil and weapons exports.
Market sentiment has been further influenced by reports of a potential U.S. troop buildup in the Middle East ahead of diplomatic discussions in Geneva, which has amplified risk perception and driven investors toward precious metals.
According to market experts, silver continues to benefit from both safe-haven demand and its industrial applications. Ponmudi R, CEO of Enrich Money, noted that international silver prices have recently corrected from highs above $121 and are currently trading in the $85–$90 range, but the broader bullish outlook remains intact.
“Strong buying interest is visible in the $70–$75 support zone. A sustained move above $92–$96 could revive upward momentum towards $100–$105,” he said, adding that supply constraints and industrial demand continue to support prices over the medium to long term.
On the domestic front, MCX silver futures are currently consolidating in the ₹2,50,000–₹2,60,000 range. Analysts believe the long-term bullish trend remains intact, with key support seen at ₹2,25,000–₹2,35,000. A sustained hold above this level could push prices towards ₹3,00,000–₹3,25,000 in the medium term, while a breakdown below support may trigger short-term volatility.
Overall, while gold has seen relatively moderate gains, silver’s sharp rise highlights its dual role as both a safe-haven asset and an industrial metal, keeping investor interest strong amid ongoing global uncertainties.
Reference & Credit : https://www.businesstoday.in/personal-finance/investment/story/silver-price-on-feb-27-white-metal-surges-rs-8300kg-nears-rs-27-lakh-as-geopolitical-tensions-lift-safe-haven-demand-518298-2026-02-27
