Silver Rate Today: Silver prices are likely fluctuate sharply on Monday, March 2 amid the Iran-Israel conflict. The rate for one kilogram of silver stood at Rs 2,88,556, while one gram was priced at Rs 288. The metal has been witnessing sharp swings in recent sessions, reflecting shifting investor sentiment and broader global cues. In the derivatives market, silver futures on the Multi Commodity Exchange (MCX) settled at Rs 2,74,389 on Friday, registering a decline of Rs 609 or 0.22 per cent. The dip follows a period of elevated levels, suggesting that short-term traders may have booked profits after the recent rally.