Silver price outlook, April 29 -- Silver's sharp rally has come to a sudden halt, catching investors off guard after a prolonged period of strong gains. The metal had surged as much as 170% in 2025 and extended the rally by another 74% in January 2026, making it one of the best-performing assets globally. However, prices have now slipped below their 2025 closing level, currently trading around Rs.2.38 lakh per kilogram compared to Rs.2.41 lakh earlier, effectively wiping out all gains for the year.

The scale of the correction has been striking. May silver futures have fallen 46% from their record high of Rs.4.39 lakh per kilogram to below Rs.2.40 lakh within just three months. In absolute terms, this marks a steep erosion of Rs.2,00,554,...