Silver Prices Today: Silver prices surged to yet another lifetime high on Thursday, stretching their record-breaking rally to a third straight session on the back of firm global cues and renewed bullishness after the US Federal Reserve delivered a rate cut.
On the Multi-Commodity Exchange (MCX), silver futures jumped Rs 5,500, or 2.84 per cent, to touch Rs 1,94,000 per kg, after briefly hitting Rs 1,93,720 per kg earlier in the session. The metal has now climbed Rs 11,978, or 6.6 per cent, since Monday’s close of Rs 1,81,742 per kg.
So far in 2025, silver has delivered a staggering rally—up Rs 1,06,487, or 122.07 per cent, from Rs 87,233 per kg on December 31, 2024.
Gold, too, edged higher. February gold futures rose Rs 845, or 0.65 per cent, to Rs 1,30,641 per 10 grams on MCX.
Analysts point to Fed cut, Industrial demand and tight supply
“Gold continues to trade steady while silver marked an all-time high on domestic as well as on Comex, as market participants digest yet another cautious cut by the US central bank,” said Manav Modi, Commodities Analyst – Precious Metals at Motilal Oswal Financial Services Ltd.
Silver’s surge, analysts say, is also being driven by booming industrial demand from solar, EVs and electronics, amid tightening global supply conditions.
