Silver Soars to ₹1.11 Lakh/kg: Industrial Demand and Global Jitters Fuel Record Rally

Image Source: Bharat Express

Silver prices have surged to an alltime high of ₹1.11 lakh per kilogram on the Multi Commodity Exchange (MCX), outpacing gold and drawing intense interest from investors and industrial buyers alike. The rally is being driven by a potent mix of geopolitical tensions, industrial demand, and tight global supply.

Key Highlights:

July silver futures hit ₹1,09,748/kg, while September contracts breached ₹1,11,000/kg on MCX.
The metal is now trading 25% above its recent low of ₹88,050/kg, marking a sharp rebound.

Analysts attribute the surge to:

Rising demand from sectors like solar energy, electric vehicles, and electronics
Safehaven buying amid global uncertainty, especially the IsraelIran conflict
Supply constraints from Latin American mines and a weakening US dollar
The goldsilver ratio has dropped to around 91, down from over 100 in recent months, signaling silver’s relative strength.
In global markets, silver is trading near $36 per ounce, its highest level since 2012.

Experts caution that while fundamentals remain strong, volatility is likely, and advise staggered buying or waiting for dips.

Outlook:

With both industrial and investment demand on the rise, silver’s momentum may continue—especially if the US Federal Reserve maintains a dovish stance. For now, silver isn’t just shining—it’s blazing a trail.

Sources: MSN Money, Zee Business