Silver Price Today: Silver prices have once again surprised investors. In the third week of January 2026, silver has shown such a surge that it has created a stir in the market. From MCX to retail market, silver has reached its highest ever level. After breaking the psychological level of Rs 3 lakh, now everyone’s eyes are on the next big target of Rs 3.50 lakh per kg.
What is the latest price of silver today?
On January 20, 2026, the price of silver in the March contract on MCX was recorded at ₹3,16,355 per kg. By 11:15 am it had seen a strong rise of ₹6,080. Whereas in big cities like Delhi, Noida, Ghaziabad, silver is being sold in the retail market at around ₹ 3,15,100 per kg.
Will silver cross ₹3.50 lakh in January itself?
Market experts and brokerage firms believe that this target is not impossible. According to technical charts, silver has crossed a major “breakout zone”. If this momentum continues then the next technical target can go up to ₹3.56 lakh per kg. Especially situations like global trade war can further fuel this boom.
Can price correction come in between?
However, experts are also warning that silver has risen by about 30–40% in the last 15 days. In such a situation, profit booking around ₹ 3.17 lakh can be seen. If this happens, prices may temporarily slip to ₹2.80 lakh. But this is being considered as a buying opportunity for long term investors.
3 big reasons for this ‘super rally’ of silver
The first reason is severe supply shortage. The world is facing silver deficit for the fifth consecutive year.
the second reason is industrial demand. There is no cheap alternative to silver in solar panels, electric vehicles, AI chips.
the third reason is geopolitical tensions. Uncertainty related to the US-Europe trade war, Russia and Iran has turned investors towards safer options.
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What is your advice for investors?
Be careful if you are a short-term trader, as fluctuations can be sharp. At the same time, silver still remains a strong option for long term investors. In the coming days, silver investors can buy silver.
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