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NSE:AXISSIL 5 February 2026

Silver ETFs crash 21% as MCX silver drops 10% in India, gold whipsaws on dollar and Fed nerves

Silver ETFs crash 21% as MCX silver drops 10% in India, gold whipsaws on dollar and Fed nerves

Silver futures on India’s MCX fell 10% Thursday, with March contracts down Rs 26,850 to Rs 2,42,000 per kg. MCX Clearing Corporation raised margins to 4.5% for silver and 1% for gold, with more hikes expected Friday. Silver ETFs in India dropped up to 21%, while global spot silver plunged 9.3% to $79.88 an ounce. Gold futures and ETFs also declined amid a stronger dollar and weak industrial demand.
5 February 2026
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Stock Market Today

  • Max Stock (TASE:MAXO) Faces Overvaluation Concerns After Price Volatility
    March 18, 2026, 11:08 AM EDT. Max Stock (TASE:MAXO) shares rose 3.6% in one day after recent volatility but appear overvalued with a 32.4x price-to-earnings (P/E) ratio, well above industry peers. Despite a strong 1-year shareholder return of 136.4% and earnings growth of 14.9%, the current ₪29 share price exceeds analyst targets and intrinsic value estimates. The company's return on equity is an outstanding 47.1%, supporting a premium valuation, yet the elevated P/E suggests limited room for error if growth falters. A discounted cash flow (DCF) model values shares at ₪17.94, further indicating overvaluation. Investors should weigh potential risks given the rich valuation amid uncertain growth prospects.
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