Silver Surges 4.13% on Global Cues, Eyes $80 Mark

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AuthorKavya Nair|Published at:
Silver Surges 4.13% on Global Cues, Eyes $80 Mark
Overview

Silver prices in India surged 4.13% on February 9, 2026, with 1 kg reaching ₹260,310. The metal's climb, pushing towards $80 on COMEX, was fueled by renewed investor aggression after a sharp sell-off. Global events, including Japan's election results and US-Iran talks, alongside anticipation of key US economic data, are shaping sentiment.

Silver prices experienced a significant rebound on February 9, 2026, with Indian markets reflecting a substantial 4.13% increase, bringing the 1 kg rate to ₹260,310. This upward momentum follows a dramatic earlier collapse, as investors re-entered the market with renewed buying interest, pushing spot silver towards the $80 per ounce level on COMEX.

The surge is being attributed to a confluence of global geopolitical and economic developments. Investor sentiment received a boost from the landslide victory of Prime Minister Sanae Takaichi's ruling coalition in Japan's weekend elections, which has heightened expectations for expansive fiscal policies. Simultaneously, cautious optimism emerged following the US and Iran's talks in Oman aimed at de-escalating tensions, though Iran's stance on nuclear fuel enrichment remains unchanged.

Market Outlook and Key Influences

The silver market is now keenly awaiting critical US jobs and inflation data. These figures will be pivotal in shaping future Federal Reserve policy expectations and, consequently, global market sentiment. The metal's price trajectory will likely depend on these economic indicators, alongside ongoing geopolitical developments. International spot silver rates, US dollar fluctuations, and import duties remain fundamental drivers for Indian silver prices.

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