Silver Rate Today 16th May 2026: Silver is down by 6.87%; check prices in Mumbai, Bengaluru, Hyderabad, Delhi, Ahmedabad

Silver prices dropped by 6.87% on May 16, 2026. This happened because of mixed news on US-Iran talks, making investors worried about inflation and interest rates. The article noted, "Silver fell on Friday and was set to close the week largely unchanged." This cautious mood affected the market.