Today, Monday, December 29, silver has created history. Silver price on Multi Commodity Exchange (MCX) crossed the 250,000 mark for the first time, creating a new all-time high. This morning, silver prices witnessed a massive surge of around 6%, with silver March futures hitting a new record high of around ₹2,54,174 per kg. This means that in just one day, the price of silver increased by almost ₹12,000 per kg, sending the market into turmoil.
Silver created a stir in a week, prices increased by 15%
This increase in silver prices has not happened suddenly. Last week alone, silver had gained nearly 15% on MCX. In a short trading week, prices saw a rise of over ₹31,000. Earlier, on Friday, silver had reached the level of ₹2,42,000 per kg, and now it has crossed that too.
Why are silver prices skyrocketing?
There are many big reasons behind this tremendous increase in silver prices. The biggest reason is that for the last seven years, the global supply of silver has been very low, while the demand has been continuously increasing. Nowadays, silver is being used extensively in the manufacturing of solar panels, electric vehicles (EVs), and electronic goods like mobile phones and laptops. The increasing trend of renewable energy and new technology has taken the demand for silver to unprecedented levels, due to which its prices are continuously increasing.
Will prices become more expensive?
Market experts believe that this shine of silver is not going to fade soon. This shine of silver can increase even further. Experts say that in the coming time, the price of silver may reach ₹2,75,000 per kg. If the demand in international markets continues like this, then the year 2026 can prove to be very beneficial for those investing in silver.
Buy or Sell? What’s the right advice for you?
Now the common man is wondering whether this is the right time to buy silver or to make profits by selling the silver he already holds? According to experts, if you had bought silver at a lower price long ago, you can make good profits by selling it now. But if you are thinking of making new investments, it may be better to wait a little more as the market has grown very rapidly. Silver remains a great option for those who are investing for the long term.
