As silver price fall continues, gold rates recover slightly, here’s what existing, new investors can do

Silver prices fall continued for the third session in row, while gold rates saw a slight uptick on the Multi Commodity Exchange of India (MCX) today (Monday, February 16, 2026).

Silver rates have slipped 8.49% in the previous three session to reach Rs 2,40,722 on Monday, while Gold jumped by 0.61% to be at Rs 1,53,662. If we look at the yellow metal’s price from February 11, 2026, when it was Rs 1,55,999, it is still 1.5% down.

With silver prices falling and gold rates showing signs of recovery, what should existing and new investors of the precious metals do? Should they sell in panic, specially silver, or buy on dips?

Why did gold and silver prices experience volatility?

Maneesh Sharma, AVP, commodities and currencies, Anand Rathi Shares and Stock Brokers says prices have experienced a dip after a strong bull run seen in January as markets have now been trying to stabilise from heavy speculative price moves.

Sharma predicts overall thin trading volumes in the US and the China market, which remains closed for public holidays, could continue to weigh on sentiments in the near term.

“Market movements this week could remain influenced by the holidays in China & other Asian markets including Taiwan & South Korea amid anticipation of future rate adjustments,” says Sharma.

Prithviraj Kothari, managing director at RiddiSiddhi Bullions Ltd., president of India Bullion and Jewellers Association Ltd. (IBJA), says gold and silver prices fell because higher margins on exchanges like CME Group and MCX reduced leveraged participation, exaggerating short-term moves.

Gold rates 10gm in last 1 month (MCX)

Date	Spot Price (Rs)	Up/Down (Rs)	Up/Down (%)
16-Feb-26	153662	932	.61%
13-Feb-26	152730	-2668	-1.72%
12-Feb-26	155398	-601	-0.39%
11-Feb-26	155999	353	0.23%
10-Feb-26	155646	1384	0.90%
09-Feb-26	154262	2585	1.70%
06-Feb-26	151677	158	0.10%
05-Feb-26	151519	-5190	-3.31%
04-Feb-26	156709	4851	3.19%
03-Feb-26	151858	3980	2.69%
02-Feb-26	147878	-16511	-10.04%
30-Jan-26	164389	-10842	-6.19%
29-Jan-26	175231	10610	6.45%
28-Jan-26	164621	5736	3.61%
27-Jan-26	158885	4765	3.09%
23-Jan-26	154120	3449	2.29%
22-Jan-26	150671	-2991	-1.95%
21-Jan-26	153662	6574	4.47%
20-Jan-26	147088	3418	2.38%
19-Jan-26	143670	2523	1.79%
16-Jan-26	141147	—	—

Silver rates (1kg) in last 1 month (MCX)

Date	Spot Price (Rs)	Up/Down (Rs)	Up/Down (%)
16-Feb-26	240722	-5310	-2.16%
13-Feb-26	246032	-13741	-5.29%
12-Feb-26	259773	-3295	-1.25%
11-Feb-26	263068	3841	1.48%
10-Feb-26	259227	6428	2.54%
09-Feb-26	252799	11425	4.73%
06-Feb-26	241374	-9778	-3.89%
05-Feb-26	251152	-31194	-11.05%
04-Feb-26	282346	17505	6.61%
03-Feb-26	264841	14587	5.83%
02-Feb-26	250254	-83038	-24.91%
30-Jan-26	333292	-46691	-12.29%
29-Jan-26	379983	20609	5.73%
28-Jan-26	359374	13999	4.05%
27-Jan-26	345375	29018	9.17%
23-Jan-26	316357	21417	7.26%
22-Jan-26	294940	-20230	-6.42%
21-Jan-26	315170	7366	2.39%
20-Jan-26	307804	15703	5.38%
19-Jan-26	292101	8621	3.04%
16-Jan-26	283480	—	—

What should investors do amid current trends of gold and silver prices?

Aksha Kamboj, vice president, IBJA, and executive chairperson, Aspect Global Ventures, says investors should hold their existing allocations and avoid panic selling.

"Fresh buying may be considered during price corrections and done in a staggered, disciplined manner," says Kamboj.

Kothari advises existing investors to view corrections as an opportunity to rebalance and hedge rather than exit in panic.

To new investors, Kothari's advice is to adopt a staggered buying approach, focusing on long-term allocation.

"In volatile phases, discipline matters more than timing—gold and silver remain strategic assets, not short-term trades," says Kothari.

Sharma opines despite showing some weakness in their prices, gold and silver outlook for the year 2026 remains strong.

“Overall continued geopolitical tensions, strong gold ETF inflows, robust bar and coin demand could be witnessed in 2026, which could offset jewellery weakness with unlikely strong recycling response,” says Sharma.

What indicators should investors look at before investing in gold and silver?

Kamboj suggests investors monitoring macro triggers such as the interest rate outlook, inflation trends, dollar strength, central bank buying patterns and geopolitical developments before increasing exposure.

Which forms of gold and silver are best suited for investors?

Kamboj says gold ETFs and silver ETFs offer liquidity, transparency, and the ease of trading. “Digital gold may suit small, flexible investments, subject to the credibility of the platform provider. Physical gold or silver (coins and bars) can be considered for long-term holding, but investors must account for making charges, storage costs, insurance, and purity verification,” Kamboj advises.

Gold and silver price prediction

Sharma says current factors can drive gold towards $ 6000/Oz in 3– 6 months perspective.

“Similarly, silver could test $135 – 150/Oz in H2 2026 given persisting global supply shortage indicated by tightness in market and a structural supply deficit likely to persist in 2026,” says Sharma.