Silver prices have continued their strong upward momentum, reaching ₹2.74 lakh per kilogram and breaking a 46-year price record. The sharp rise has drawn widespread attention across bullion markets, investors, and industry stakeholders.
The latest surge reflects sustained global demand, tight supply conditions, and growing economic uncertainty worldwide.
Massive Weekly and Daily Gains
Over the past week alone, silver prices have surged by nearly ₹48,000 per kilogram. In one single trading session, prices jumped by ₹20,000, highlighting the speed and intensity of the rally.
Market participants note that such rapid gains are rare and signal heightened investor interest in precious metals.
Silver Nearly Triples in One Year
Silver has delivered one of its strongest annual performances in decades. Around this time last year, the metal was priced at ₹81,412 per kilogram. The current level of ₹2.74 lakh represents an increase of approximately ₹1.92 lakh within a year.
This means silver has become more than three times costlier year-on-year, placing it close to the psychological ₹3 lakh per kg mark.
December Price Movement Snapshot
Silver prices showed steady acceleration throughout December:
December 22: ₹2.31 lakh
December 23: Increased by ₹3,000
December 24: ₹2.44 lakh
December 25: ₹2.45 lakh
December 26: ₹2.54 lakh
December 27–28: ₹2.74 lakh
This consistent rise underscores strong buying interest even at elevated levels.
Global Demand Driving Prices Higher
Silver plays a vital role in multiple industries worldwide. It is widely used in:
Solar panel manufacturing
Batteries and electronics
Nuclear energy systems
Handicrafts and industrial applications
Rising demand from clean energy sectors, combined with limited supply, has placed upward pressure on prices.
Additionally, ongoing global conflicts, geopolitical tensions, and tariff-related uncertainties—particularly involving major economies—have encouraged investors to seek safer assets such as gold and silver.
Outlook Remains Strong
Economists and market analysts expect silver prices to remain firm in the near term. While minor corrections are possible, a sharp decline appears unlikely given current global conditions and sustained industrial and investment demand.
Silver continues to outperform many traditional assets, reinforcing its position as both an industrial metal and a store of value.
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