Silver Soars to Record Highs Amid Global Supply Concerns

Silver futures surged to unprecedented levels, hitting a record Rs 2,06,111 per kilogram, driven by strong global demand, supply concerns, and rate cut expectations. In contrast, gold futures declined. Analysts indicate an evolving market landscape, noting silver's increased value over crude oil due to strategic and economic factors.

Silver futures soared to a new high of Rs 2,06,111 per kilogram on Wednesday, marking a significant uptick of Rs 8,356 amid robust global trading cues and ongoing supply concerns. Investors' expectations of future Federal Reserve rate cuts have further fueled the metal's bullish trend.

Trading on the Multi Commodity Exchange (MCX) saw March silver contracts jump 4.2 percent, closing at a record peak, while the May 2026 contract also experienced substantial gains. Over the year, silver prices have skyrocketed by 135.34 percent, showcasing enduring investor interest.

In stark contrast, gold futures experienced a slight decline, despite initial positive trends. As market dynamics shift, silver's rise has also been reflected internationally, with further insights awaited from upcoming U.S. inflation data. Analysts highlight a historical price inversion with crude oil, underscoring silver's rising strategic value.