Reviewed by Gotrade Internal Analyst
Gotrade News - Silver prices took a nosedive today, Monday (16/02), cooling off in both domestic and global markets. This sharp pullback comes right after the metal hit fresh highs just a few days ago.
Investors seem to be locking in profits following the release of cooling US inflation data. This moment serves as a crucial vibe check for the precious metal's medium-term rally.
Key Takeaways:
Domestic silver prices dropped, mirroring the broader slide in the global market.
Profit-taking took over the driver's seat after US CPI data initially sparked a rally.
Analysts view this dip as a healthy correction before the potential uptrend resumes.
Citing data from Logam Mulia, domestic pure silver prices slipped to Rp 48,250 per gram. This drop of Rp 500 effectively reversed the bullish trend seen over the weekend.
The international market mirrored this move, with spot silver prices taking a hit of over 2%. The asset was trading around the $76.34 per troy ounce mark during the Asian trading session.
This correction was triggered by the market's reaction to the US Consumer Price Index (CPI) data for January. Inflation ticked up just 0.2%, which previously sent non-yielding assets flying.
Trading volume is also feeling the pinch due to the Lunar New Year holiday keeping Chinese markets closed this week. The absence of major Asian buyers has left market liquidity a bit thinner than usual.
Ponmudi R, CEO of Enrich Money, noted this move signals a shift away from panic selling. The market is now transitioning toward strategic accumulation by investors with a longer time horizon.
The medium-term bullish structure remains intact as long as key support levels are defended. Silver is currently finding new footing within the demand zone of $71 to $80.
A breakout above $85 would open the door for a continued rally toward $105. However, failing to hold the $71 level could extend the current consolidation phase.
Commodity markets are volatile, but that volatility is exactly where the opportunity lies for your portfolio. You don't need to hoard physical bars; you can simply trade SLV.
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Reference:
Investor, Harga Perak Antam (ANTM) Senin 16 Februari 2026: Ambles. Accessed on February 16, 2026
Live Mint, Gold, silver rates today: Gold and silver prices fall up to 2% after disappointing US CPI data. Should you buy or sell?. Accessed on February 16, 2026
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