Silver rate today, Feb. 1 -- Silver prices on Multi Commodity Exchange (MCX) have witnessed an extreme downfall in the past three sessions, as white metal has crashed over Rs.1,50,000 from the record high level of Rs.4,20,000.

In a special session on Sunday, February 1, the white metal plunged over 9% lower circuit, with the March contract plunging Rs.26,273 to Rs.2,65,652 per kilogram.

The MCX opened for trading for a special session on Sunday as Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2026-27.

On Friday, the white metal had already tumbled Rs.1,07,968, or 27%, to settle at Rs.2,91,925 per kg, also touching the lower circuit. The steep decline followed Thursday's record high of Rs.4,20,048...