The Multi Commodity Exchange (MCX) witnessed a historic meltdown on February 5, 2026, as Silver prices experienced one of their steepest intraday declines in recent history.
Leading the “Top Losers” list, the white metal saw a staggering drop, wiping out billions in investor wealth within a single trading session.
The Crash in Numbers
According to live data from MCX, the Silver March 2026 contract plummeted by ₹25,087, representing a massive 9.33% decline. The price, which closed previously at ₹2,68,850, crashed to a Last Traded Price (LTP) of ₹2,43,763.
Other variants followed suit:
- SILVERM (Mini): Dropped by ₹25,135 (-9.08%) to ₹2,51,655.
- SILVERMIC (Micro): Fell by ₹24,849 (-8.97%) to ₹2,52,070.
- MCXBULLDEX: Shed 1,260 points (-3.22%) as the broader bullion index felt the heat.
Market Sentiment and Ripple Effects
The carnage wasn’t limited to silver. Crude Oil prices dropped by 2.75%, while Gold (GOLDTEN) fell by over ₹3,284 (-2.11%). However, the sheer scale of the silver crash has caught the market off guard, likely triggered by a combination of global liquidations and a breach of major technical support levels.
Strategic Resilience Amidst the Storm
This unprecedented MCX silver price crash serves as a stark reminder of the volatility inherent in the commodity market.
While a drop of over ₹25,000 is jarring, for the disciplined investor, it is a test of emotional and financial fortitude. As we approach the significant May 2026 turning point, staying grounded in data and avoiding panic-driven decisions is paramount.
Navigating these live MCX rates requires a professional lens—one that looks beyond the immediate “bloodbath” toward long-term stability and financial breakthroughs.
