Silver’s ‘mega-bullish’ Surprised everyone! Silver became costlier by ₹ 1 lakh in just 30 days, is China the real mastermind?

Silver Price Hike: Now it is difficult for everyone to make any guess regarding the price of silver, within the last one year the price of silver has increased from Rs 1 lakh to Rs 2 lakh and now it has reached Rs 3 lakh per kg. Actually, silver prices have made a historical record. On January 19, 2026, the price of silver on Multi Commodity Exchange (MCX) has reached above Rs 3,00,000 per kg for the first time, on the first day of the trading week the price of silver remains around Rs 3,04,000 per kg.

Whatever may be the reason behind the sharp rise in silver prices, investors have made a lot of money in the last 3 months. The situation is that in the last one month the price of silver has become expensive by Rs 1 lakh. Last month i.e. on December 19, 2025, the price of one kg silver was Rs 2,03,500. From where the price has increased by Rs 1 lakh in just 30 days.

Silver price and China connection

A major reason for the rise in silver prices is China, silver is being sold at a premium in China, that is, silver is being sold in China at a premium more than the international price. This means that domestic demand exceeds supply. This is the reason why prices go up in London and New York markets also. At the same time, when manufacturing increases in China, the demand for silver directly increases. Because is the largest solar panel manufacturer and exporter. Every solar panel contains silver.

What is the reason behind the rise in silver?

Apart from this, global economic uncertainty, currency market instability and investors looking for safe investments are increasing the demand for silver. Along with this, silver has also given better returns as compared to gold. The demand for silver is continuously increasing in the international markets. Apart from investment, silver is used extensively in electronics, solar panels, EV (Electric Vehicle) and industry, here also the demand is increasing.

Effect visible in bullion market

Impact of wild rise in silver prices bullion market I am also seeing it. The number of customers has declined. Demand for physical silver has declined slightly in traditional uses (jewellery, articles). However, the demand for digital gold has increased. Investors remain interested in silver ETFs (Exchange Traded Funds).

Also read: Health sector has big expectations from Budget 2026, focus should be on increasing expenditure and digitization.

What should investors do now?

Now the question arises whether it would be right to invest at this price? In response to this question, many experts say that it can be a risky step in the short term. But if the vision is long term, then investment can be made little by little. Because global uncertainty remains, investors should keep their portfolio diversified.