Silver slides near four-week low, Chinese Silver inventories gain sharply

COMEX Silver futures slipped today, adding to recent losses. President Donald Trump urged China and US allies to help with disruptions on the strait, turning the overall sentiment around Iran war delicate. Precious metals have been falling this month despite escalation in the geopolitical stress as financial assets like US dollar and Bitcoin are gaining favour. COMEX Silver futures are currently quoting at $79.81 per ounce, down 1.89% on the day. Silver lost 3.50% in last session and is currently lingering around four-week low. One more critical reason weighing on Silver is the uptick in Chinese silver inventories. The latest data from Shanghai Futures Exchange (SHFE) showed that total inventories on warrant in the exchange stood at 326566 kg as on 13 March 2026, gaining sharply by 70614 kg compared to previous week. Inventories have jumped though still linger around decade low. The trend in stockpiles over coming weeks will be key for understanding the mood of Chinese Silver investors. MCX Silver futures are trading at Rs 254900 per kg, down 1.75% on the day after testing lows around Rs 253000 per kg.

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