Silver prices have created history in the Indian commodities market. After gold, silver has now hit a record high on the Multi Commodity Exchange. For the first time ever, silver crossed ₹2.54 lakh per kilogram on MCX.
On Monday morning, silver prices surged nearly six percent in a single session. March futures touched a fresh lifetime high of ₹2,54,174 per kilogram. Within one day, prices jumped by almost ₹12,000 per kilogram, triggering sharp market reactions.
Silver has shown strong momentum over the past week. Prices rose nearly 15 percent in a shortened trading week. The metal gained more than ₹31,000 per kilogram during this period. Last Friday, silver traded near ₹2.42 lakh before breaking the new record.
Experts attribute the rally to long-term supply shortages and rising global demand. Silver supply has remained tight for nearly seven years. At the same time, demand continues to grow steadily.
Silver plays a key role in solar panels, electric vehicles, and electronic devices. The renewable energy push has sharply lifted industrial consumption.
Market analysts expect further upside. They believe silver prices may reach ₹2.75 lakh per kilogram in the near future. If global demand stays strong, 2026 could prove rewarding for silver investors.
