Silver at record highs! Futures price hits Rs 2.42 lakh/kg; driven by global supply chain hit fears and Fed rate-cut hopes
On the Multi Commodity Exchange (MCX), silver futures for March 2026 delivery jumped by Rs 18,210 in a single day.
The white metal has shown incredible growth this year, rising by nearly 175% from its December 2024 levels.“Silver is no longer trading merely as a precious metal like gold.
Its indispensable role in high-performance technology, combined with shrinking above-ground stocks and non-negotiable industrial demand, is reshaping its fundamentals,” said Rahul Kalantri, VP, Commodities, Mehta Equities, as quoted by PTI.The surge is largely attributed to China’s new export restrictions on silver, set to begin January 1, according to commodities experts.
As the world’s largest consumer of silver for solar panels, electronics, and electric vehicles, China’s policy change is expected to hit global supply chains.Jigar Trivedi, senior research analyst at Reliance Securities, predicted that Comex silver prices could reach $100 per ounce next year, based on growing industrial demand outpacing supply.The precious metal has shown consistent growth in global markets too.
Silver prices increased by $47.95, or 164 per cent, from $29.24 per ounce recorded at the end of 2024.
Other factors that contributed to silver’s remarkable performance are strong industrial consumption, steady ETF inflows, and increased investment interest.
