New Delhi, Feb. 12 -- Silver prices are recouping some of their recent losses following a historic plunge in late January that wiped out nearly 50% of earlier gains. The March delivery contract on MCX rebounded by Rs.37,213 per kilogram over eight trading sessions through Wednesday, reaching the Rs.2,63,018 level.

Despite the attempted recovery, silver prices remain down by Rs.1,57,000 from the record peak of Rs.4,20,048 registered on January 29.

Silver had been on a record-breaking rally before the sharp correction. In 2025, it gained about 170% on MCX, with the surge being driven by safe-haven demand, Fed rate cut hopes and growing industrial use, along with speculative flows, leveraged positioning, and options-driven trading.

Compar...