Historic jump in silver, rise of ₹ 17,145 in a single day, price crosses ₹ 2.40 lakh

Silver Rate Today: Silver prices have surprised investors. On MCX (Multi Commodity Exchange), March contract silver saw a strong rise of ₹ 17,145 i.e. 7.66% in a single day. After this surge, the price of silver reached ₹ 2,40,935 per kg. This is considered to be one of the biggest one-day jumps in the history of silver.

Silver gave bumper returns in 2025

In the year 2025, silver will shine more than gold for investors. Silver prices in the international market have increased by 158% so far, while spot silver prices in India have increased by almost 170%. This is the reason why silver is now being counted among the fastest growing precious metals in the world.

Why are silver prices soaring?

The biggest reason behind the rise in silver prices is the huge imbalance between demand and supply. On one hand, production from mines is limited, while on the other hand, demand is continuously increasing. Silver consumption has increased rapidly in the solar panel, electric vehicle (EV), semiconductor and green energy sectors, which has created a shortage in the market.

Industrial demand became the biggest gamechanger

Today silver is not limited to jewelery only. Silver has become an essential metal in solar energy, 5G-AI technology, EV batteries and clean-tech infrastructure. As these sectors continue to grow, industrial demand for silver is outpacing supply, pushing prices higher.

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Effect of Fed rate cut and gold-silver ratio

The expectation of the US Federal Reserve cutting interest rates in 2026 is also supporting the rise of silver. Low interest rates increase investment in precious metals. Additionally, the current gold-silver ratio stands at around 60, while the historical average has been around 90. This means that silver is still in a stronger position than gold.

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