---
title: "MCX Silver: 5.25% surge crosses ₹266522 amid complex divergence"
description: "MCX Silver spikes 5.25% to ₹266522/kg while Gold drops 2.41% and Copper falls 4.49% — rare cross-asset divergence firing Hawk-Scan threshold."
date: "2026-06-02"
time: "11:42 pm"
edition: "hawk-scan"
commodity: "MCX Silver"
tags: ["MCX Silver", "MCX Copper", "MCX Gold"]
priceAtPublish: 266522

hawkTrigger: "price"
---

---

**TRIGGER —** MCX Silver moved 5.25% in the session, breaching the 3% Hawk-Scan threshold while trading at ₹266522/kg.

**PRICE —** ₹266522/kg · 5.25% · SURGING

**SIGNAL —** Silver's industrial-monetary dual role is driving independent demand, likely via a sharp short-squeeze or sovereign/ETF accumulation decoupled from gold's simultaneous selloff.

**CROSS-ASSET —** Gold is down 2.41% to ₹154750/10g and Copper is down 4.49% to ₹1379.50/kg, making Silver's move an isolated outlier across the entire MCX complex.

**IMPORT COST —** COMEX $75.39 × ₹95.27 × 1.15 (duty+GST multiplier) = ₹8,254/oz ≈ ₹265,400/kg MCX parity.

**TECHNICAL —** Immediate resistance sits at ₹268,684 then ₹269,400; session support floor is ₹265,685 per Kite 20-day OHLC.

**WATCH —** ₹268,684 — a closing breach confirms momentum; rejection here historically marks intraday exhaustion.