Silver Surges to New Highs Amid Geopolitical Tensions and Industry Demand

Silver prices have soared, surpassing unprecedented levels due to geopolitical tensions over Greenland and industrial demand. Silver futures broke the Rs 3 lakh mark on MCX, and gold prices have also hit new records. Both metals benefit from a weaker US dollar and robust investment interest.

Silver prices reached historic highs on Monday, amid global trade tensions and a weakening US dollar, prompting a surge in demand for the precious metal. MCX silver futures climbed by nearly 6% to a record Rs 3,04,200 per kilogram, driven by these factors.

In the first week of 2026 alone, silver futures rose by 14%, highlighting the metal's growing appeal as a safe investment during times of political and economic uncertainty. Since the end of 2025, silver has seen an impressive climb of 29%.

This upward trend was mirrored by gold, which also reached new milestones. Experts attribute these developments to the metal's dual role in investment and industrial applications, emphasizing mounting demand from sectors like solar energy and electric vehicles.

(With inputs from agencies.)