Silver Prices Rebound 2% After Two-Day Decline
Silver prices in India rebounded on Thursday after two days of decline, with the national rate for silver standing at ₹2,500 per 10 grams. This marks a gain of ₹50 per 10 grams from Wednesday's national rate, or approximately 2%.
The recovery is attributed to renewed safe-haven buying across precious metals following fresh escalation in the Iran-US conflict overnight. Analysts note that silver tends to move alongside gold during periods of acute geopolitical stress, but retains its own industrial-demand-driven identity during calmer periods.
Silver's tendency to track broader precious-metals sentiment was evident on Thursday, with gold posting a far sharper percentage rebound. Market participants expect the coming sessions to show whether silver continues to follow gold's swings more closely or reverts to being driven primarily by industrial demand.