Silver Prices Surge 0.89% as US Treasury Yields Decline and Dollar Weakens

On 20 August 2026, the price of 1 gm of silver was ₹240, and the price of 1 kg of silver was ₹239,520, reflecting a gain of 0.89% compared to its previous close. Meanwhile, the 10 gm silver rate is at ₹2,395. Silver prices in India are largely influenced by international spot silver rates, US dollar fluctuations, and import duties on silver among other things. Silver prices are trading with a positive bias on the back of a sharp decline in the US Treasury yields, after the US Treasury Department announced it would double the size of its liquidity-support buyback operations for longer-dated bonds. A weaker dollar is also driving the momentum for silver, as a soft greenback usually makes the white metal less expensive for buyers in other currencies, thereby aiding demand. ALSO READ Silver shoots up 12%, Gold jumps 6%; Precious metals post best weekly gains since January However, the white metal continues to face pressure from the high probability of a rate hike later in the year, as minutes from the FOMC suggested that the US Federal Reserve may raise rates fueled by inflationary concerns. On the geopolitical front, uncertainties in the West Asia conflict keep inflationary risk in focus. Analysts suggest silver may remain range-bound in the near term, driven by a weak dollar and a retreat in US Treasury yields. For further cues, markets will watch out for global inflation data, geopolitical tensions, and monetary policy stance of central banks worlwide. Retail investors are advised to track not just domestic rates but also international trends before making buying decisions. ALSO READ Why are gold and silver prices surging? Treasury’s latest move holds the answer