Silver Price Today: Rates Rise on Feb 20 — Check Latest Silver Prices in India
- bySagar
- 20 Feb, 2026
Silver prices moved higher on Friday, February 20, 2026, reflecting firm global cues and steady demand in the bullion market. According to the latest market data, domestic silver is trading around ₹2,70,000 per kilogram, while international prices also recorded a notable uptick.
The recent momentum in precious metals comes amid shifting expectations around interest rates and ongoing global developments that continue to influence investor sentiment.
Silver Price Today in India
In the domestic bullion market, silver witnessed a modest rise in early trade. As of February 20:
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Silver price (India): ₹2,70,000 per kg (approx.)
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MCX silver futures: closed nearly flat at around ₹2,41,400 per kg
Despite the firm spot prices, futures remained largely stable, indicating cautious participation by traders ahead of key global triggers.
International Silver Prices Gain
Globally, silver prices edged higher during the latest session. The metal climbed 1.13% to $78.51 per ounce in international markets.
Analysts attribute the rise to:
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Mixed signals on U.S. interest rates
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Currency market movements
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Ongoing geopolitical developments
Precious metals like silver typically respond sharply to interest rate expectations because lower rates reduce the opportunity cost of holding non-yielding assets.
Why Silver Prices Are Moving
Market experts say several factors are currently influencing silver’s trajectory.
1. Focus on U.S. Federal Reserve Signals
Investors are closely watching the minutes of the U.S. Federal Reserve’s January policy meeting. Any hints about future rate cuts or hikes could directly impact precious metal prices.
Earlier, softer inflation data had raised hopes of rate cuts. However, strong employment figures and resilient economic growth have reduced expectations of immediate monetary easing. This has supported the U.S. dollar, which in turn can put pressure on metals like silver and gold.
2. Geopolitical Developments
According to recent bullion market commentary, geopolitical tensions have stabilized somewhat compared to previous weeks. This has slightly reduced safe-haven demand.
However, ongoing developments involving the United States, Iran, and the Russia–Ukraine situation continue to provide underlying support to precious metals.
3. Profit Booking After Recent Rally
After the recent surge in silver prices, some investors have booked profits, leading to limited upside in futures markets even as spot prices remain firm.
Silver Price Outlook: Key Levels to Watch
Market experts believe silver could remain range-bound in the near term.
Projected trading range:
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Upper range: around $90 per ounce (₹2,85,000/kg approx.)
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Lower support: near $70 per ounce (₹2,25,000/kg approx.)
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Bearish scenario: fall toward $64 per ounce (₹2,00,000/kg approx.) if support breaks
Analysts generally advise investors to consider buying on dips and booking profits during sharp rallies, given the current volatility.
City-Wise Silver Rates on February 20
Silver prices remained largely uniform across major Indian cities:
| City | Silver Price (₹/kg) |
|---|---|
| Delhi | 2,70,100 |
| Mumbai | 2,70,100 |
| Ahmedabad | 2,70,100 |
| Chennai | 2,70,100 |
| Kolkata | 2,70,100 |
| Hyderabad | 2,70,100 |
| Jaipur | 2,70,100 |
| Bhopal | 2,70,100 |
| Lucknow | 2,70,100 |
| Chandigarh | 2,70,100 |
What Investors Should Keep in Mind
With multiple global factors at play — including interest rate expectations, currency strength, and geopolitical developments — silver prices may remain volatile in the short term.
Bottom Line: Silver prices have shown renewed strength on February 20, supported by global cues and steady bullion demand. However, with the market awaiting key signals from the U.S. Federal Reserve, investors should stay cautious and watch upcoming developments closely.





