Silver Prices Surge: Should You Invest Now?
Silver prices have taken a significant leap, climbing by 1.41% to reach ₹2,49,600 on the Multi Commodity Exchange (MCX). This surge is attributed to positive trends in the international market, where silver has also shown impressive gains. In Delhi, the price per kg has increased by over ₹3,000, reflecting strong demand for the metal.
The international market saw silver prices rise by 5.2% to $76.37 an ounce, continuing its upward trajectory after a remarkable 147% gain in 2025. This growth is driven by silver's status as a critical mineral in the US and a supply-demand mismatch. Geopolitical tensions, especially between the US and Venezuela, have further fueled this rally.
The recent US military actions against Venezuela, including the capture of President Nicolás Maduro, have heightened silver's appeal as a safe haven investment. This move by the US is a significant intervention reminiscent of past actions in Latin America, further amplifying global uncertainty and investor anxiety.
Market experts like Anuj Gupta from Ya Wealth note that the MCX silver rate may face resistance around ₹2,50,000 per kg. However, if this barrier is surpassed, there could be potential for prices to reach ₹2,55,000. Gupta emphasizes that silver has established a strong support base between ₹2,42,000 and ₹2,40,000 per kg, making it a crucial zone for investors to monitor.
Ponmudi R, CEO of Enrich Money, believes the current rally favors profit-booking rather than accumulation. He asserts that the bullish trend is intact, with buying interest persisting during dips. A sustained price move above ₹2,42,000 would indicate a strong upward bias, potentially leading to further gains.
As the silver market remains volatile, investors are advised to approach with caution. While the current trend shows promise, it is essential to consult an investment advisor before making decisions. The ongoing fluctuations in the market highlight the need for careful strategies, especially for those looking at silver as a high-reward asset in the precious metals cycle.
In conclusion, as silver prices continue to rise, understanding market dynamics and expert insights will be key for investors considering entering this space.
