Silver rate today LIVE: With trading at the China Stock Market and Hong Kong Stock Market suspended for the New Year 2026, there are no indications from the Shanghai silver price movement.
Silver prices across global and domestic markets
At $70.896 per ounce, the current COMEX silver price is 0.11% less than the end of the day before. Although MCX silver prices ended the day slightly higher on Wednesday, the white metal is still around ā¹18,000 behind the record high of ā¹2,54,174 per kg on the domestic market.
Key support levels for silver
Experts say that $69.70 is the immediate support level for COMEX silver. The white metal may soon try to test the $67 and $65 levels in the global market if it falls below this support.
š„ Silver Rate Today LIVE
- Global Price (COMEX): $70.896/oz (down 0.11%)
- MCX Price: ā¹2,36,000/kg (ā¹18,000 below record high of ā¹2,54,174)
- Immediate Support: COMEX $69.70 | MCX ā¹2,32,000
- Critical Support: COMEX $67ā$65 | MCX ā¹2,22,000āā¹2,20,000
- Shanghai Market: Closed for New Year 2026, influencing MCX & COMEX
- Outlook: Long-term trend positive; accumulation likely near ā¹2,08,994 (20-day EMA). Recovery above ā¹2,36,000 may target ā¹2,45,000āā¹2,60,000
They said that ā¹2,32,000 is the current immediate support level for the MCX silver rate. The precious bullion may try to go closer to its critical support, which is located around the ā¹2,22,000 to ā¹2,20,000 per kilogram area, if it breaks below this immediate support.
Impact of Shanghai market closure
Nonetheless, they anticipate a flat trading day for the white metal since the Shanghai silver price movement is influencing both the MCX and COMEX silver rates. There will not be any change in the price of Shanghai silver today since the Shanghai Stock Exchange is closed for the celebration of the New Year 2026.
Current silver price: Prospects for valuable white metal
Ponmudi R, CEO of Enrich Money, commented on the MCX silver rate forecast, saying, “The longer-term positive framework remains intact despite the near-term pressure.”
Deeper falls continue to draw accumulation interest, and prices are finding initial support between the rising channel and the 20-day EMA at ā¹2,08,994.
Over the long run, a persistent recovery over ā¹2,36,000 would lead to further gains above ā¹2,45,000 to ā¹2,60,000. On declines, the general tendency still favors accumulation.
MCX silver price movement
The price of MCX silver fell ā¹18,000 from its peak.
On Wednesday, the MCX silver prices ended the day slightly higher at around ā¹2,36,000 per kilogram. The Multi Commodity Exchange (MCX) price discovery is still nearly ā¹18,000 behind the record high of ā¹2,54,174, however.
