Silver prices retreated 1.4% to $64.09 per ounce on COMEX as investors booked profits following a recent seven-day winning streak. In India, prices fell by ₹6,000 to ₹2.40 lakh per kilogram. This correction follows the release of US inflation data, which cooled market hopes for aggressive rate cuts and dampened immediate buying interest.
Silver prices moved lower on Friday, August 14, 2026, as the metal experienced a pullback in both international and domestic markets. On the COMEX exchange, silver traded at $64.09 per ounce, a decline of 1.4% from the previous session. This downward movement marks a shift in momentum for investors who had been driving prices higher over the past week.
The domestic market in India saw a similar reaction. After a consistent seven-day winning streak, silver prices in New Delhi corrected by ₹6,000 per kilogram, settling at ₹2.40 lakh on August 13. Market analysts note that this appears to be a classic case of profit-taking, where traders sold their holdings to lock in gains after the recent rally in precious metals.
The broader market sentiment has been influenced by the latest US economic data. The July Consumer Price Index (CPI) figures in the United States arrived broadly in line with expectations. Following this release, some market participants opted to sell, reflecting a 'buy the rumor, sell the fact' approach. Because the data did not signal a sudden need for the Federal Reserve to change its interest rate policy, the immediate urgency for aggressive rate cuts has softened, which often places temporary pressure on bullion prices.
Beyond investment activity, the silver market is also dealing with shifting import dynamics in India. Government data from the Commerce Ministry shows a significant cooling in physical imports, which fell by 66.1% year-on-year to $171.68 million in July. This trend is linked to the government’s decision in May 2026 to raise the import duty on precious metals from 6% to 15%. Higher costs for importers can discourage bulk physical buying, impacting overall demand levels.
Silver often faces a unique challenge compared to gold, as it is used heavily in industrial sectors like electronics, solar panel manufacturing, and automotive components. Because of this dual role—being both an investment asset and an industrial commodity—price trends are often caught between two forces. While investment demand is sensitive to interest rates and central bank policies, industrial demand is tied closely to the health of the global manufacturing economy.
Investors are now looking toward upcoming global economic reports to gauge whether the current correction is a short-term pause or a longer-term trend. The key monitorable for the market will be how industrial demand holds up amid global economic uncertainty, alongside future updates on US monetary policy trajectory.