Silver rate as of right now: Silver has increased 181% so far this year, surpassing gold by a wide margin to become the best-performing asset. Silver's market capitalization increased to $4.65 trillion, making it more valuable than Nvidia, the most valuable company in the world.
The current price of silver: On Monday, December 29, the white metal crossed the ₹2,50,000 barrier on the Multi Commodity Exchange (MCX) for the first time due to the inexorable silver price surge.
Silver prices are rising at the same time as global markets. After a huge spike of more than 180%, the silver rate today reached the $80 barrier earlier this morning for the first time before falling amid profit-taking in the white metal.
With a return of 181% so far this year, silver has surpassed gold by a wide margin to become this year's top-performing asset. Silver's market capitalization increased to $4.65 trillion, making it more valuable than Nvidia, the most valuable company in the world. At the moment, Nvidia is worth $4.63 trillion.
Silver March futures on the MCX reached an all-time high of ₹254,174 per kg, up 5.99%. The price of silver was up ₹11,959, or 4.99%, at 9.40 am today, at ₹251,746. However, after reaching an all-time high of $83.62 earlier in the session, spot silver fell 1.3% to $78.12 per ounce on the global market.
What is causing the price of silver to rise this year?
Strong industrial demand, limited supply, and predictions of increased US interest all contribute to the silver rise.
For the previous seven years, there has been a structural deficit in silver. However, in 2025, industrial demand increased due to solar adoption, renewable energy rollouts, electric vehicles, and electronic manufacture. This mismatch in supply and demand led to an increase in the price of the white metal.
Non-yielding assets like gold and silver became more appealing when the US Federal Reserve eased interest rates and increased expectations of rate cuts in 2026. Due to the unpredictability that Donald Trump has created on a global scale, the introduction of tariffs, and the conflict between Russia and Ukraine, silver has also profited from safe haven movements.
Is it time to book profits or hold onto silver?
Investors will continue to be concerned about increasing their portfolios due to the remarkable silver surge.
According to Prathamesh Mallya, DVP Research-Non Agri Commodities and Currencies at Angel One, the momentum will undoubtedly stay on the higher side given the factors like the US slowdown, tariff uncertainty, US-China trade tensions, monetary factors (rate cuts), inflows into gold and silver ETFs, and supply-demand gaps.
On the other hand, Mallya cautioned that the volatility might result in a significant correction, as has been the case with earlier silver market crashes.
Mallya projects that silver will drop to ₹150,000 per kg in the worst-case scenario due to underlying volatility, with a potential upside of ₹275,000 in 2026.
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