Silver prices are down on Thursday, January 22, 2026. According to the Indian Bullion and Jewelers Association, silver has fallen 5% or about ₹17,000 per kg from the record peak of ₹3.20 lakh per kg. Silver opened at ₹3.03 lakh this morning. On Wednesday, it closed at ₹3.19 lakh and made an all-time high of ₹3.20 lakh during trading. Silver has fallen after three days of gains. According to experts, the decline in rapidly rising prices is due to signs of reduced geo-political tension. Technical factors are also a reason. Gold price also fell by ₹2,728 Meanwhile, gold price has also fallen by ₹2,728 to ₹1,51,499 per 10 grams. A day earlier, gold made an all-time high of ₹1,55,204 during trading and then closed at ₹1,54,277. Three reasons for gold-silver becoming cheaper Gold could reach ₹1.90 lakh According to Research Head Dr. Renisha Chainani, if US tariffs and Middle East tensions increase further, gold could reach ₹1,90,000 per 10 grams in 2026. Meanwhile, silver could go up to ₹4 lakh. Gold became 75% and silver 167% more expensive in 2025 2 Popular Ways to Invest in Gold How to invest: You can buy gold-silver coins or jewelleries from reputed jewellers. However, physical gold has storage and authenticity verification issues. For investing in gold-silver ETF, you need to have a demat account. It does not have storage and authenticity verification problems. Silver could reach ₹4 lakh this year Motilal Oswal Financial Services: Silver could reach ₹3.20 lakh per kg in 2026. Considering solar and EV demand, buying is recommended on every dip. Samco Securities: Based on technical breakout and strong global signals, silver prices could touch levels of ₹3.94 lakh per kg. Nilesh Surana (Commodity Expert): Due to growing green energy demand and US interest rate cuts, silver could go up to $100 per ounce (around ₹3.5-4 lakh). Ponmudi R (CEO, Enrich Money): The long-term bullish trend in silver will continue, so investors should take advantage of every small dip in prices. Robert Kiyosaki (Global Investor): Given dollar weakness and inflation, silver could reach a shocking level of $200 per ounce by 2026. Post navigation European Union approves defence pact with India:Deal to be signed in Delhi next week; EU says, ‘India is a key strategic partner’ PhonePe files updated DRHP:Sebi approves ₹12,000 crore IPO; Walmart to sell 9% stake, Microsoft and Tiger Global to exit