MCX Silver Share Price Surges as Silver Rate Today Breaks $70 Mark | Stock Market Today

Market Performance: Silver Steals the Spotlight in Stock Market Today

Silver is back in focus in the stock market today, and this time, it’s rewriting history.

The silver rate today crossed the $70 mark for the first time ever in international markets, setting a fresh record and pulling domestic prices higher along with it. The move has been sharp, fast, and hard to ignore—especially for those tracking MCX silver share price movements closely.

On the domestic front, MCX silver surged 1.7%, climbing to an all-time high of ₹2,16,596 per kg. Gold followed the momentum as well, with MCX gold February futures rising 1.1% to ₹1,38,300 per 10 grams, also marking a record high.

In the international market, spot silver touched $70.0055 during intra-day trade, confirming the strength of the ongoing rally.

The tone across precious metals remains firm, driven by a mix of global cues, supply constraints, and currency movements—all unfolding in real time.

Main News: Why Silver Rate Today Is Making History?

The rally in silver has been building quietly over weeks, but today’s move made it loud.

Several global factors came together at once:

• Rising geopolitical tensions between the US and Venezuela
• A decline in the dollar index
• Growing expectations around US interest rate cuts

These elements pushed investors toward hard assets, with silver emerging as one of the strongest beneficiaries.

What stands out is the scale of the move. Domestic spot silver prices are up 76% so far this year, while international gold prices have gained nearly 70% in 2025 to date. That puts gold on track for its strongest annual performance since 1979, when prices surged 123.4%.

Silver, however, has gone a step further.

The metal has rallied nearly 140% year-to-date, outperforming gold by a wide margin and positioning itself as one of the best-performing commodities of the year.

This sharp outperformance has kept MCX silver share price firmly in the spotlight throughout the stock market today.

Supply Pressure Adds Fuel to the Rally

Behind the price surge lies a tightening supply environment.

Silver markets are currently dealing with:

• Mining disruptions
• Limited current inventories
• Ongoing physical supply shortfalls

Inventories across key global hubs—including London, China, and the United States—have fallen to multi-year lows, highlighting increasing scarcity in the physical market.

At the same time, policy actions have added another layer of pressure:

• The US has classified silver as a critical mineral
• China, the world’s second-largest silver producer, has introduced export restrictions, requiring licences and limiting shipments to state-approved producers

These developments have restricted supply flows at a time when demand remains firm.

India has also played a role on the demand side, with silver imports exceeding 2,600 tonnes during September and October, keeping domestic consumption strong.

Industrial Demand Keeps Silver in the Fast Lane

Silver’s strength is not driven by investment flows alone.

Industrial demand—particularly from the solar sector—has remained a major support. Over the past five years, rising industrial and investment demand had largely been balanced by:

• Lower jewellery consumption
• Increased scrap supply
• Liquidation by stockholders

That balance has shifted in 2025.

Since May, investor interest has intensified, while supply adjustments have failed to keep pace. This shift has tightened the market further and added to the upward momentum seen in MCX silver share price movements during the stock market today.

Company & Contract Details: MCX Snapshot

Here’s how precious metals stood during today’s session:

• MCX Silver
  • Price: ₹2,16,596 per kg
  • Move: Up 1.7%
  • Status: Record high
• MCX Gold (February Futures)
  • Price: ₹1,38,300 per 10 grams
  • Move: Up 1.1%
  • Status: Record high
• International Spot Silver
  • Price: $70.0055
  • Status: All-time high

These numbers reflect how tightly domestic markets are tracking global cues right now.

Summary: Silver Dominates Stock Market Today

Silver’s rally is no longer a quiet trend—it’s a defining market move.

With the silver rate today crossing $70, MCX silver share price hitting record highs, and supply conditions remaining tight globally, the metal has firmly taken center stage in the stock market today.

The combination of currency weakness, geopolitical developments, supply constraints, and strong industrial demand has created a rare alignment—one that has pushed silver to levels never seen before.

As volatility remains elevated and prices stay near record territory, silver continues to command attention across global and domestic markets alike.

Source: Livemint