Silver Price Today: Slight Dip After Record Highs, What’s Driving the Trend

Market Performance

Silver prices experienced a mild correction on Thursday after recent record highs. Domestic futures on MCX opened at ₹2,06,492 per kg and were trading slightly lower at ₹2,06,411 as of mid-morning, marking a 0.49% dip from the previous close. The white metal hit an all-time high of ₹2,07,833 on December 17, reflecting strong market interest over the past week.

Investors booked profits following the rapid rally, while a subtle uptick in the US dollar also added a cautious tone to trading. The move highlights how precious metals remain sensitive to both domestic profit-taking and global macro trends.

Main News: Silver Hits Record Highs

The rally in silver comes amid an environment of persistent market volatility, rising liquidity, and softer global currency trends. While gold often takes the spotlight, silver has increasingly carved its own niche. Its recent surge underscores a growing confidence among investors in precious metals as part of a diversified portfolio.

MCX Silver Futures: Opened at ₹2,06,492 per kg, traded at ₹2,06,411 (down 0.49%)

All-Time High: ₹2,07,833 per kg on December 17, 2025

This milestone isn’t just about prices; it reflects the evolving role of silver in financial and industrial markets, reinforcing its importance beyond jewelry and traditional use.

City-Wise Silver Prices in India (Today)

Silver prices remain relatively uniform across major cities, with only minor variations due to logistics, taxes, and local margins.

Chennai, Hyderabad, Kerala: ₹2,24,000 per kg

Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, Ahmedabad: ₹2,11,000 per kg

These figures demonstrate strong and stable domestic demand despite short-term corrections.

Why Silver Prices Are Rising

Several factors are driving silver into a structurally stronger position.

Dual Demand: Silver is critical in modern industries, from smartphones to electric vehicles and renewable energy technologies, while also serving as a financial hedge.

Global Liquidity and Rate Cuts: Monetary easing and softer global rates have supported precious metals across markets.

Portfolio Diversification: Investors increasingly view silver as a stabilizer alongside gold in volatile economic conditions.

This combination of industrial and financial demand is underpinning silver’s ongoing upward trend, despite minor pullbacks.

Outlook: What to Expect Next

Silver may see short-term consolidation after recent gains. However, the medium-term fundamentals remain constructive, supported by continued industrial demand, global liquidity, and its role in energy transition technologies. Any minor retracement could provide a healthy reset before further upward momentum resumes.

Summary

Silver’s recent record highs highlight its dual role as an industrial metal and a portfolio stabilizer. While Thursday saw a small correction, the broader trend remains strong, driven by industrial demand, liquidity support, and investor interest. With city-wise prices showing stability, silver continues to attract attention from both domestic and global markets.