Silver rate today, Feb. 1 -- Silver exchange-traded funds (ETFs) rallied as much as 37% in January but witnessed a sharp selloff on Friday, January 30, plunging by as much as 23% as investors rushed to book profits after precious metals retreated from record highs. However, Silver ETFs were trading mixed during the special Budget session on Sunday, February 1.

Meanwhile, silver rates extended losses and hit a 6% lower circuit on Sunday as investors continued profit booking amid a global selloff triggered by a stronger US dollar. Sentiment was further impacted after reports that CME Group is raising margins on Comex gold and silver futures. Investors also remained cautious ahead of the Union Budget 2026.

On MCX, silver prices fell 6% to ...