NewsSignals AI analysis·Mint·Oct 30, 2026

Silver's 55% plunge fails to spark festive buying

Grade Bbearish AI signal$XAG

Silver's nearly 55% collapse from its January record has failed to revive India's festive buying, with investment demand for coins and bars plunging as consumers fear further declines. New import permits covering about 6,500 tonnes over six months could ease domestic shortages and premiums, while jewellery demand remains more resilient than investment purchases. Weak consumer spending and additional supply could continue pressuring silver prices and limiting a festive-demand recovery.

Bullish strength: 30/100

Jewellery demand remains relatively resilient despite the price collapse.
Some buyers treated prices below Rs.2 lakh per kg as a buying opportunity.
New import permits could ease domestic shortages and premiums.

Bearish strength: 70/100

Silver has fallen nearly 55% from its January record high.
Investment demand for silver coins and bars has collapsed.
Consumers fear further price declines and face broader economic pressures.
India approved imports of about 6,500 tonnes over the next six months, increasing expected supply.
Shaya's festive sales growth of 25-30% fell well short of its 80-100% expectation.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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