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Silver news
What changed in the silver market and what it means for prices in India. Newest first.
Latest stories
- Silver's 2026 boom and crash From $46 to $121 and back to $60, and what it did in India.
- Silver import duty rises to 15% Duty up from 6% to 15%, and 99.9% bars restricted.
- The Shanghai silver premium, explained Why Shanghai trades above London, and why VAT isn't the reason.
- Silver outlook for October 2026 The Fed, oil, Diwali demand, the rupee and China's premium.
2025–26 timeline
Silver slides as oil tops $100
Silver fell about 4% as oil prices rose above $100 a barrel and markets priced in another US rate rise, according to Yahoo Finance.
Summer lows near $58
After a slow slide from spring, COMEX silver closed at $57.67 on 3 August, about half its January peak.
India restricts silver bar imports
The DGFT moved silver bars (HS 71069221, 99.9% purity or more, and 71069229) from "Free" to "Restricted": imports now need a government authorisation.
India raises import duty to 15%
Customs duty on gold and silver bullion rose from 6% to 15% (10% basic customs duty + 5% AIDC). With 3% GST, the tax load on imported silver is about 18.5%.
The biggest one-day drop on record
Silver plunged from its $121 intraday high to close near $85 (spot), its steepest one-day fall since 1980; gold fell about 9% the same day.
All-time high around $121
Silver touched about $121.58 an ounce intraday; gold also set a record above $5,300.
Silver crosses $100
COMEX silver closed above $100 an ounce for the first time, less than three weeks after crossing $80.
Silver above $60
The rally that began in the autumn carried silver above $60 an ounce.
Silver breaks $50
Silver closed above $50 an ounce, a level it had only briefly touched in 1980 and 2011.