Silver Price Today Hits Record ₹2,54,000 per kg: Year’s Biggest Rally in White Metal

The silver market is on a tear. On Monday, December 29, silver prices on the Multi Commodity Exchange (MCX) crossed the ₹2,50,000 per kg mark, marking a new all-time high for the white metal. The surge in prices comes amid global momentum and strong industrial demand, capturing the attention of investors and traders alike.

Market Performance Today

Silver prices opened the week with strong momentum on the MCX:

• MCX Silver March futures: ₹254,174 per kg, up 5.99%
• Earlier in the session (around 9:40 am): ₹251,746 per kg, up ₹11,959 or 4.99%
• International spot silver: $78.12 per ounce, down 1.3% after an all-time high of $83.62

The jump in silver prices on the MCX reflects a mix of global trends, industrial demand, and safe-haven flows.

Why Silver Prices Are Surging in 2025?

Several factors have pushed silver to outperform most assets this year:

1. Supply Constraints: Silver has been in a structural deficit for seven consecutive years, limiting availability.
2. Industrial Demand: Adoption of solar panels, electric vehicles, renewable energy, and electronics production has pushed demand higher.
3. Global Market Trends: Silver prices in international markets touched $80 per ounce for the first time, mirroring the strong momentum seen in India.
4. Safe-Haven Appeal: Political and economic uncertainties globally have increased investor interest in non-yielding assets like silver.

Silver vs Other Assets

Silver has not just outperformed gold; it has also surpassed major global benchmarks in value:

• Year-to-date gain: 181%, well ahead of gold
• Market cap comparison: Silver’s market value surged to $4.65 trillion, slightly above Nvidia’s $4.63 trillion

This shows silver’s exceptional performance as an asset class in 2025.

Company Details & Trading Insights

While silver is the main driver, it directly impacts MCX trading activity and investor sentiment:

• The Multi Commodity Exchange has seen higher trading volumes due to the rally in silver.
• Investors are closely watching silver futures, especially the March contracts, which hit record highs.
• Global spot prices provide a benchmark but can differ slightly due to domestic trading dynamics.

Summary of the Rally

Silver’s unprecedented rally reflects a combination of demand, supply, and global market conditions:

• Industrial growth in renewable energy and electronics is fueling demand.
• Limited supply keeps prices elevated.
• Safe-haven flows amid global uncertainties add upward momentum.
• On the MCX, futures continue to break past previous highs, offering investors a clear view of market strength.

The rally has positioned silver as the best-performing asset of 2025, capturing both attention and value in global and domestic markets.

Source: Livemint