By Admin 
Silver Prices: There was a huge fall in the price of silver on Thursday. During trading on MCX (Multi-Commodity Exchange), the price of silver fell by Rs 10,000 per kg. With this, the price of silver for delivery on March 5, 2026 on MCX fell from Rs 2,50,605 per kg to Rs 2,40,605 per kg.
This fall in silver prices came after reaching a record high of $ 83.60 per ounce in December. This huge fall in the price of silver worried investors and also created instability in the precious metals market. Now the question comes whether the prices of silver will fall further in the coming time or remain stable or increase again?
Will the price go down further?
According to ET report, HSBC has updated its outlook for silver, predicting a gradual decline in prices in the coming years. However, in the meantime the average price estimate for the year 2026 has been increased to $ 68.25 per ounce. HSBC estimates that silver prices will fall to $57.00 an ounce in 2027 and $47.00 an ounce by 2029.
Explaining the reason for the low price of silver, the bank said that there has been a decline in demand in the industry and apart from this, a large number of jewelery buyers are also withdrawing because the prices are very high. The bank also said that there was a huge decline in silver demand by 230 million ounces in 2025. It will decline to 140 million ounces in 2026 and only 59 million ounces in 2027.
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