Silver futures are trying to stabilise after witnessing yet another brutal selloff in last session. The white metal tanked around 10% yesterday as markets grew concerned about the state of affairs in March futures expiry on COMEX. The metal is overall well supported after the Silver Institute stated this week that the underlying drivers that supported silver throughout much of 2025 have remained firmly in place so far this year. It noted that global silver market to record sixth straight supply deficit in 2026 though demand is expected to remain largely unchanged in 2026. Currently, the focus seems to be on the fact that with around 360 million ounces of open interest in COMEX Silver March contract, the expiry of the series could be a breaking point for the market as registered silver inventories are just around 100 million ounces. The absence of cues from Chinese markets due to China's New Year holiday from next week is another crucial factor. The metal is currently trading up 0.93% at $76.39 per ounce but is just above one-week low. This price action has led to volatile moves in local markets too as MCX Silver futures are currently trading at Rs 241752 per kg, up around 2% on the day. The counter tanked 10% in last session.

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