Silver Prices Correct After Seven-Day Rally

Silver prices experienced a pullback on Friday, August 14, 2026, after a seven-day winning streak. The metal's value dropped by 1.4% to $64.09 per ounce on the COMEX exchange.

The decline was attributed to profit-taking among investors who had driven prices higher over the past week. This correction follows the release of US inflation data, which cooled market hopes for aggressive rate cuts and dampened immediate buying interest.

In India, silver prices fell by ₹6,000 per kilogram in New Delhi, settling at ₹2.40 lakh on August 13. The downward movement was also influenced by shifting import dynamics, with physical imports cooling by 66.1% year-on-year to $171.68 million in July.