On Friday, there was a decline of more than 1.25 percent in the prices of silver in the futures market of the country. Whereas it was expected that due to the kind of environment being witnessed, the price of silver would touch the level of Rs 3 lakh on Friday. But this did not happen. According to experts, there are 5 reasons for the slowing down of silver. In which America's Iran tension is decreasing, second is the decrease in tension between Fed Chairman and Trump, increase in dollar index, employment figures in America will be better and due to profit booking, a decrease in silver prices has been seen.

Now the biggest question is whether the price of silver will cross Rs 3 lakh in the coming days or not. Experts say that the May contract in the futures market may touch the level of Rs 3 lakh next week. But touching the level of Rs 3 lakh in the March contract seems a bit difficult. Although silver prices have crossed the level of Rs 2.92 lakh in Delhi bullion market, it remains to be seen what kind of trend there will be on Monday. There is a reason for that too. Due to the continuous fall in the rupee, an increase in the prices of gold and silver is being seen at the local level.

If we talk about the month of January, there has been a tremendous rise in the prices of gold and silver, especially silver. According to MCX data, silver prices have seen an increase of more than 22 percent in the month of January. This means that the pace at which silver prices had gained in the year 2025 has continued. Let us also tell you why the price of silver decreased and when can the price of silver touch the level of Rs 3 lakh in the coming days…

Fall in silver prices

On Friday, a fall in silver prices was seen in the country's futures market Multi Commodity Exchange. If we look at the data, silver fell by Rs 3,815 and closed at Rs 2,87,762 per kg. Whereas during the trading session, silver had reached the day's lower level of Rs 2,84,045. Whereas a day earlier the price of silver had closed at Rs 2,91,577. It was expected that the figure would reach the level of Rs 3 lakh on Friday, but it could not happen. The special thing is that on Friday, there has been a decline in the prices of silver in the futures market after rising in 5 consecutive trading sessions.

Due to fall in silver prices

1. Iran Trump tension reducing: There has been a reduction in tension between Iran and America. Where the news is that Trump is not going to attack Iran. Recently, Trump has also praised Iran's decision of not executing prisoners of war. Due to which the attitude of investors has shifted towards safe haven. However, the circumstances still remain uncertain. There is a possibility of anything happening in the coming days. Experts say that the tension has not reduced permanently yet.
2. Trump's statement on Fed Chairman: On the other hand, Trump's statement on Fed Chairman Jerome Powell has also brought comforting news for the bullion market. Due to which it has been felt that the tug of war between the two has reduced. Trump has completely rejected the idea of ​​filing any kind of case against Powell or putting him in jail. On the other hand, central banks around the world have stood in favor of the Fed chief. Because of which Trump has had to take a soft stance towards himself.
3. Reduction in unemployment rate: There has been a decline in the speed of job creation in America in December. Only 50,000 non-agri jobs increased compared to 56,000 in November. This increase was due to layoff of employees in many major sectors. However, according to the monthly report of the Bureau of Labor Statistics, the national unemployment rate unexpectedly dropped to 4.4 percent, which is a sign of strength despite the softness in the labor market. Due to which a decline has been seen in the prices of silver.
4. Dollar index rises: Due to decrease in unemployment rate, there has been an increase in the dollar index. At present, the dollar index is seen at the level of 99.838 with a high of 6 weeks. The special thing is that in the current month the dollar index has seen an increase of more than 1 percent. Due to which a decline has been seen in the prices of silver.
5. Profit Booking: On Thursday, silver prices had reached a lifetime high. After which investors started booking profits on Friday. At one time the price of silver on MCX had fallen by more than Rs 7500 and reached the level of Rs 2.84 lakh. After that some recovery was seen.

Will prices cross Rs 3 lakh?

Now the biggest question is whether silver prices will reach the level of Rs 3 lakh in the coming days? Answering this question, Or Wealth director Anuj Gupta says that it is looking difficult for March contract silver to reach the level of Rs 3 lakh next week. That too when the tension with geo-political and Fed has eased. Also, there is a bullish environment for the dollar. Under the March contract, the price of silver can be seen at the level of Rs 2.90 to 2.95 lakh. At the same time, the price of silver for May contract can reach the level of Rs 3 lakh. If we look at the data, on Friday the May contract silver had reached a life time high of Rs 2,99,993. After that it saw a fall of Rs 4,569 and closed at Rs 2,95,424.

How much has the futures market increased?

If we talk about the futures market of the country, a tremendous increase has been seen in the prices of silver. On December 31, 2025, the price of silver was Rs 2,41,048. Which has currently increased to Rs 2,87,762. This means that an increase of Rs 46,714 has been seen in the prices of silver. This means that silver prices have seen an increase of more than 19 percent compared to January prices. We may see further increase in this in the coming days.

prices in delhi bullion market

In the national capital on Friday, the price of silver rose by Rs 3,600 to Rs 2,92,600 per kg, a record rise for the sixth consecutive day. A record rise was seen in the price of silver due to continuous buying by stockists. On Thursday, silver closed at Rs 2,89,000 per kg. Traders said that despite the weak global trend, silver remained strong due to continuous industrial uptick. Silver has now risen by 20.16 percent i.e. Rs 49,100 in just six sessions. On January 8, its price was Rs 2,43,500 per kg. Silver remained ahead of gold for the second consecutive year and so far it has given a profit of 22.4 percent.

What were the prices in foreign markets?

Talking about foreign markets, the price of silver future in New York's Comex market closed at $ 88.54 per ons on Friday with a decline of 4.13 percent i.e. $ 3.81 per ons. Whereas the price of gold spot fell by 2.49 percent and closed at $ 90.1257 per ounce. In the European market, silver prices declined by 2.63 percent and closed at $ 77.7345 per ons. At the same time, in the British market, the price of silver has fallen by 2.48 percent to $ 67.35 per ounce.