Silver rate today stays flat on MCX after touching fresh lifetime high

Market Performance

Silver rate today opened on a quiet note but quietly scripted history.

On Wednesday, January 7, MCX silver began the session slightly lower at ₹2,57,599 per kg, compared to ₹2,58,000 per kg in the previous session. Early trade looked muted. No sharp moves. No panic buying.

Then the story changed.

As the session progressed, silver climbed to a fresh all-time high of ₹2,59,692 per kg. Momentum stayed active through the day, even as prices later cooled off from the peak. On the downside, silver slipped to an intraday low of ₹2,57,001 per kg.

In short, silver rate today traded flat overall, but the intraday range told a much bigger story.

Main News

The real trigger came from global markets.

COMEX silver opened Wednesday with a gap-up, signaling strong overnight cues. Within minutes of the opening bell, the metal surged to a new lifetime high of $82.548 per ounce. That level didn’t hold for long.

After the initial spike, prices gave up part of the gains. COMEX silver was last seen trading 1.3% lower at $79.935 per ounce.

Despite the pullback, the tone stayed firm. The reason was simple and familiar—geopolitical tension.

Ongoing developments between the US and Venezuela continued to dominate sentiment. Markets priced in the risk of supply disruptions across parts of Latin America, keeping silver supported even during intraday dips.

Company / Commodity Details

Silver’s rally isn’t new in 2025. It has been building steadily.

• Year-to-date gain: around 161%
• MCX fresh lifetime high: ₹2,59,692 per kg
• COMEX record level: $82.548 per ounce

The move reflects tight supply conditions alongside consistent global demand. Industrial usage has remained a key driver, while geopolitical uncertainty has added an extra layer of support.

At the same time, silver’s price behaviour shows sensitivity to news flow. Sharp moves are followed by quick consolidations, keeping daily trading ranges wide.

Summary

Silver rate today may look flat at first glance, but the underlying action was anything but dull.

MCX silver touched a new record high before settling into a narrow range. Global prices followed a similar script—strong opening, fresh highs, then partial profit-taking.

Geopolitical tensions continued to act as the core sentiment driver, while 2025’s massive 161% rally underlined just how significant this move has been for silver so far.

For now, silver remains firmly in focus—calm on the surface, but clearly charged underneath.

Source: Livemint