Silver prices take a breather below Rs 2 lakh, analysts eye fresh upside as even rally pauses

Silver prices on the Multi Commodity Exchange (MCX) slipped on Friday, halting just before breaching the much-anticipated and psychologically crucial Rs 2 lakh per kg mark. The March 2026 silver futures contract fell Rs 1,305 or 0.66%, to Rs 1,97,637 during the session, as traders engaged in profit-booking.

The pause in momentum comes after silver touched an all-time high of Rs 1,99,220 on the MCX in Thursday’s session, underscoring the metal’s strong bullish undertone in recent weeks.