{"id":7959,"date":"2026-02-13T13:39:27","date_gmt":"2026-02-13T08:09:27","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=7959"},"modified":"2026-02-13T13:56:07","modified_gmt":"2026-02-13T08:26:07","slug":"silver-slide-inside-the-10-crash","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/silver-slide-inside-the-10-crash\/","title":{"rendered":"The Silver Slide: Inside the 10% Crash and the Global Dollar Reset"},"content":{"rendered":"\n<p><strong>February 13, 2026<\/strong><\/p>\n\n\n\n<p>The silver market witnessed a dramatic &#8220;flash crash&#8221; today, with prices plunging 10% in a single session, dragging down <a href=\"https:\/\/lakshmishree.com\/blog\/best-silver-etfs-in-india\/\"><mark style=\"background-color:var(--ast-global-color-5)\" class=\"has-inline-color has-ast-global-color-1-color\">Indian silver ETFs<\/mark> <\/a>and heavyweight metal stocks like Hindustan Zinc and Hindalco. While the headline figure is startling, the crash is the result of a &#8220;perfect storm&#8221; of global macroeconomic shifts, ranging from a red-hot US labor market to a stunning geopolitical pivot from the Kremlin.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. The 3 Catalysts: Why Did Silver Crash?<\/strong><\/h3>\n\n\n\n<p>The sell-off was triggered by a convergence of three powerful factors that strengthened the US Dollar and crushed demand for non-yielding assets like silver:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The US Jobs Shock:<\/strong> January non-farm payroll data came in at <strong>130,000 jobs<\/strong>, nearly double the forecast of 70,000. This resilience in the US economy has effectively &#8220;killed&#8221; hopes for a Federal Reserve rate cut in March. High-for-longer interest rates make the dollar more attractive, putting immediate pressure on precious metals.<\/li>\n\n\n\n<li><strong>The &#8220;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-12\/russia-memo-sees-return-to-dollar-system-in-pitch-made-for-trump\" target=\"_blank\" rel=\"noopener\"><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-ast-global-color-1-color\">Kremlin Memo<\/mark><\/a>&#8221; &amp; Dollar Dominance:<\/strong> In a move that has shocked global markets, an internal Kremlin document reviewed by Bloomberg suggests Russia is considering a <strong>return to the US Dollar settlement system<\/strong>. Part of a potential economic pact with the Trump administration, this shift would undermine the &#8220;de-dollarization&#8221; trend, reinforcing the Greenback\u2019s role as the undisputed global reserve currency and draining the &#8220;safe-haven&#8221; appeal of silver and gold.<\/li>\n\n\n\n<li><strong>Technical Selling &amp; Margin Calls:<\/strong> As silver breached the crucial psychological support of <strong>$80 per ounce<\/strong> (and \u20b93,00,000 per kg in India), algorithmic selling took over. The 11% overnight drop in spot silver triggered margin calls, forcing further liquidation.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Domestic Impact: Silver ETFs and Metal Stocks crash<\/strong><\/h3>\n\n\n\n<p>The carnage in the international spot market was immediately mirrored in the Indian markets:<\/p>\n\n\n\n<div style=\"overflow-x: auto; margin: 20px 0; border: 1px solid #eee; border-radius: 8px;\">\n  <table style=\"width: 100%; border-collapse: collapse; font-family: sans-serif; min-width: 650px;\">\n    <thead>\n      <tr style=\"background: #f8f9fa; border-bottom: 2px solid #dee2e6;\">\n        <th style=\"padding: 15px; text-align: left; font-size: 13px; color: #444; text-transform: uppercase;\">Asset<\/th>\n        <th style=\"padding: 15px; text-align: left; font-size: 13px; color: #444; text-transform: uppercase;\">24H Drop<\/th>\n        <th style=\"padding: 15px; text-align: left; font-size: 13px; color: #444; text-transform: uppercase;\">Analysis<\/th>\n        <th style=\"padding: 15px; text-align: left; font-size: 13px; color: #444; text-transform: uppercase;\">Tracking<\/th>\n      <\/tr>\n    <\/thead>\n    <tbody>\n      <tr style=\"border-bottom: 1px solid #eee;\">\n        <td style=\"padding: 15px; font-weight: 600; color: #1a237e;\">Tata Silver ETF<\/td>\n        <td style=\"padding: 15px;\"><span style=\"background: #ffebeb; color: #d32f2f; padding: 6px 12px; border-radius: 4px; font-weight: bold;\">-7.00%<\/span><\/td>\n        <td style=\"padding: 15px; font-size: 14px;\">Highest volatility today.<\/td>\n        <td style=\"padding: 15px;\"><a href=\"https:\/\/lakshmishree.com\/research\" target=\"_blank\" rel=\"noopener noreferrer\" style=\"background: #2e7d32 !important; color: white !important; padding: 8px 16px; text-decoration: none !important; border-radius: 4px; font-size: 12px; font-weight: 600; display: inline-block;\">See Chart<\/a><\/td>\n      <\/tr>\n      <tr style=\"border-bottom: 1px solid #eee;\">\n        <td style=\"padding: 15px; font-weight: 600; color: #1a237e;\">ICICI Pru Silver ETF<\/td>\n        <td style=\"padding: 15px;\"><span style=\"background: #ffebeb; color: #d32f2f; padding: 6px 12px; border-radius: 4px; font-weight: bold;\">-6.20%<\/span><\/td>\n        <td style=\"padding: 15px; font-size: 14px;\">Institutional exit volume noted.<\/td>\n        <td style=\"padding: 15px;\"><a href=\"https:\/\/lakshmishree.com\/research\" target=\"_blank\" rel=\"noopener noreferrer\" style=\"background: #2e7d32 !important; color: white !important; padding: 8px 16px; text-decoration: none !important; border-radius: 4px; font-size: 12px; font-weight: 600; display: inline-block;\">See Chart<\/a><\/td>\n      <\/tr>\n      <tr style=\"border-bottom: 1px solid #eee;\">\n        <td style=\"padding: 15px; font-weight: 600; color: #1a237e;\">Hindalco Industries<\/td>\n        <td style=\"padding: 15px;\"><span style=\"background: #ffebeb; color: #d32f2f; padding: 6px 12px; border-radius: 4px; font-weight: bold;\">-5.01%<\/span><\/td>\n        <td style=\"padding: 15px; font-size: 14px;\">Hit by US Novelis fire costs.<\/td>\n        <td style=\"padding: 15px;\"><a href=\"https:\/\/lakshmishree.com\/research\" target=\"_blank\" rel=\"noopener noreferrer\" style=\"background: #2e7d32 !important; color: white !important; padding: 8px 16px; text-decoration: none !important; border-radius: 4px; font-size: 12px; font-weight: 600; display: inline-block;\">See Chart<\/a><\/td>\n      <\/tr>\n      <tr style=\"border-bottom: 1px solid #eee;\">\n        <td style=\"padding: 15px; font-weight: 600; color: #1a237e;\">Hindustan Zinc<\/td>\n        <td style=\"padding: 15px;\"><span style=\"background: #ffebeb; color: #d32f2f; padding: 6px 12px; border-radius: 4px; font-weight: bold;\">-4.83%<\/span><\/td>\n        <td style=\"padding: 15px; font-size: 14px;\">Broke support at \u20b9597.<\/td>\n        <td style=\"padding: 15px;\"><a href=\"https:\/\/lakshmishree.com\/research\" target=\"_blank\" rel=\"noopener noreferrer\" style=\"background: #2e7d32 !important; color: white !important; padding: 8px 16px; text-decoration: none !important; border-radius: 4px; font-size: 12px; font-weight: 600; display: inline-block;\">See Chart<\/a><\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/div>\n\n\n\n<p><strong>Company Highlight:<\/strong> <strong>Hindalco<\/strong> reported a 45% drop in Q3 profit, largely due to a <strong>\u20b92,610 crore<\/strong> exceptional expense linked to fire incidents at its US subsidiary, Novelis. The combination of poor earnings and falling metal prices made it one of the top losers in the Nifty Metal index today.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. The Silver Lining: A Bargain Hunter\u2019s Opportunity?<\/strong><\/h3>\n\n\n\n<p>Despite the 10% crash, the MCX March 2026 futures showed signs of life toward the afternoon session, rebounding nearly <strong>3% (\u20b96,565)<\/strong> to trade around <strong>\u20b92,43,000 per kg<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stabilization:<\/strong> Analysts suggest that while volatility will persist, the &#8220;worst of the selling&#8221; may be over as long as silver holds the <strong>$70\/oz (International)<\/strong> and <strong>\u20b92,40,000 (Domestic)<\/strong> support levels.<\/li>\n\n\n\n<li><strong>The SIP Advantage:<\/strong> For retail investors, experts recommend the <strong>Systematic Investment Plan (SIP)<\/strong> route for Silver ETFs. Since silver is more volatile than gold, regular small investments help in Rupee Cost Averaging during such massive corrections.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>February 13, 2026 The silver market witnessed a dramatic &#8220;flash crash&#8221; today, with prices plunging 10% in a single session, dragging down Indian silver ETFs and heavyweight metal stocks like Hindustan Zinc and Hindalco. While the headline figure is startling, the crash is the result of a &#8220;perfect storm&#8221; of global macroeconomic shifts, ranging from [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[52,50],"tags":[1541,1479],"class_list":["post-7959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-market-update","category-indian-market","tag-silver-crash","tag-silver-etf-price-crash"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=7959"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7959\/revisions"}],"predecessor-version":[{"id":7961,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7959\/revisions\/7961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/7962"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=7959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=7959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=7959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}