Silver Price Today: Record-Breaking Rally – Why Silver Is Shining Brighter and What Experts Predict Next

Silver prices are on a historic upswing, capturing the attention of investors and traders alike. On Monday, silver futures on MCX surged past ₹1.43 lakh per kilogram, hitting an all-time high and continuing their strong upward momentum. The global spot market also reflected this rally, with spot silver rising 1% to $46.47 per ounce, signaling a broader bullish trend.

Key Drivers Behind the Price Surge

Several factors are fueling this spectacular rally in silver. A weaker Indian rupee has made imports more expensive, directly pushing domestic prices higher. Globally, expectations of interest rate cuts by major economies and persistent geopolitical tensions have increased investor appetite for safe-haven assets such as precious metals. Alongside gold, silver is benefiting as investors seek security amid global uncertainty.

Unlike gold, however, silver enjoys a dual demand – it is not only a safe investment but also a critical industrial metal. This unique characteristic is strengthening investor confidence and supporting the ongoing price surge.

Industrial Demand Adds Sparkle

Silver’s extensive industrial usage is playing a key role in this rally. The metal is vital in the production of solar panels, electronics, semiconductors, and electric vehicles, all of which are seeing rapid global growth. Analysts highlight that the clean energy boom and technology sector expansion are creating sustained long-term demand for silver. According to an Axis Mutual Fund report, silver’s growth story is deeply tied to the rise of green energy and global manufacturing needs.

Expert Predictions: More Upside Ahead

Pranav Mer, Vice President – Commodity & Currency at JM Financial Services, notes that silver prices have already jumped nearly 60% this year, outpacing gold’s 45% rise during the same period. He expects prices to reach ₹1,50,000 to ₹1,70,000 per kilogram in the coming months, suggesting a further potential upside of 5% to 19% from current levels.

Similarly, Harshal Barot of Metals Focus predicts that if gold’s rally continues, silver could climb to $50 per ounce, up from the current $47.10. This projection indicates at least a 6% additional gain in international markets.

Investor Sentiment Remains Strong

Investor interest in silver remains robust across silver-backed exchange products and futures markets. Analysts say that despite fluctuations in other asset classes, sentiment around silver remains positive, driven by global demand and currency dynamics.

However, experts caution that near-term corrections cannot be ruled out. If the rupee strengthens or if interest rate expectations shift, short-term pullbacks in prices are possible. Investors are advised to watch currency movements and global policy signals before making fresh entries.

Outlook: Silver’s Shine Set to Continue

With strong industrial demand, a weaker rupee, and safe-haven buying, silver appears well-positioned to maintain its upward trajectory. While short-term volatility may occur, the combination of investment appeal and industrial necessity makes silver one of the most promising commodities of 2025.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult certified financial experts before making investment decisions.