MCX Silver Price Crosses Rs. 2 Lakh as Global Rates at $65, Creating a New All-Time High

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Silver prices delivered a sharp surprise on December 17 as they touched record highs in both Indian and global markets. The strong move reflected rising demand for safe assets and growing interest in precious metals. Investors reacted to weak economic signals from the United States and rising global tensions, which pushed silver to levels never seen before.

In India, the MCX silver price surged more than four percent during early trade. Futures climbed above Rs. 2 lakh per kilogram and touched around Rs. 2,04,445 per kg. This marked a lifetime high for silver on the domestic exchange. The rally stood out as gold prices moved lower, showing a clear shift of attention toward silver.

India Sees Lifetime High in Silver


Global markets also saw a historic moment. The global silver price crossed the $65 per ounce mark for the first time. Spot silver rose to nearly $65.63 an ounce before easing slightly. This move confirmed the strong global trend and placed silver among the top-performing commodities this year.

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The rally gained strength after fresh data from the United States showed a rise in unemployment. The softer labour market increased hopes of interest rate cuts by the Federal Reserve. Lower interest rates usually weaken the dollar. A weaker dollar often supports metals like silver, which are priced in US currency. As a result, overseas buyers found silver more attractive.

Weak Dollar and Global Tensions Boost Demand


Geopolitical concerns also added to the momentum. Rising tensions linked to Venezuela increased demand for safe-haven assets. In times of uncertainty, precious metals are usually the place to go for investors. The demand for silver was greatly amplified by this change, especially because it has a dual role of being an investment metal and an industrial resource.

Industrial demand remains another key factor behind the rally. Silver plays an important role in solar panels, electric vehicles, electronics, and data infrastructure. Demand from these sectors continues to rise. At the same time, global supply remains tight. Limited mine output and low inventories have created a strong supply-demand imbalance.

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What This Means for Investors


Market experts hold mixed views on what comes next. Some analysts believe that silver is still to rise because of its strong fundamentals. They mention industrial development, supply pressure, and accommodative or supportive monetary policy as reasons. Others warn that silver prices tend to move sharply. After such a fast rise, short-term corrections remain possible.

The sharp jump has raised an important question across markets. Is this the right time to buy silver? Analysts suggest the answer depends on investment goals. Long-term investors may see value in silver’s future demand story. Short-term traders may face higher risks due to price swings near record highs.

In spite of risks or dangers involved, the overall movement is still promising and positive. The demand for precious metals is still increasing, as one of the main reasons why investors prefer gold as a safe investment during economic crises. Silver has been performing exceptionally well this year, surpassing many other assets and maintaining a high level of market interest.

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For now, silver remains in focus. Record prices on MCX and historic global levels signal strong confidence in the metal. The coming weeks may decide whether silver stabilises or continues its upward journey.