Silver Rate Today: Silver Prices Hit Record Highs Amid Global Tensions, Safe-Haven Demand
Silver prices surged to record levels on Wednesday as investors moved toward safe-haven assets amid rising geopolitical tensions and strong industrial demand. Both silver and gold gained sharply after heightened uncertainty following comments by Donald Trump on Greenland and NATO relations.
Silver, Gold Prices Rally on Safe-Haven Buying
In India, MCX silver prices jumped more than 3%, gaining over ₹11,000 to hit a fresh all-time high of ₹3,34,840 per kg. MCX gold prices also rallied sharply, rising over 5% to touch a record ₹1,58,339 per 10 grams.
In the global market, spot gold prices climbed 2.1% to $4,862.46 per ounce after touching an intraday record of $4,865.73. US gold futures rose nearly 2% to $4,861.20 per ounce. Spot silver prices eased marginally to $94.48 per ounce, after hitting a record high of $95.87 earlier in the week.
Why Are Silver Prices Rising?
Precious metals have gained strong momentum as escalating geopolitical risks, fiscal concerns, and weakness in the US dollar boosted their appeal as safe-haven assets. Investor sentiment has remained cautious following comments by Donald Trump, who reiterated his stance on Greenland and criticised NATO allies, raising concerns over geopolitical stability.
Additionally, expectations of monetary policy easing by the US Federal Reserve and continued central bank accumulation of gold have supported bullion prices. Precious metals typically perform well in a low-interest-rate environment.
Silver’s Dual Demand Advantage
Silver continues to stand out due to its dual role as both a monetary hedge and a key industrial metal. Industrial demand — driven by solar power, electric vehicles, data centres, and electrification — now accounts for more than half of global silver consumption.
Supply-side constraints, including limited mine output and subdued recycling, have further tightened the market. This structural imbalance positions silver to potentially outperform gold during economic growth phases, while still offering protection during periods of uncertainty.
Comex Silver Price Outlook
Comex silver prices are currently consolidating between $92.57 and $95.73 following a brief phase of profit booking.
According to Ponmudi R, silver has confirmed a strong breakout above the critical $90–$92 zone and is trading well above major moving averages.
He said immediate support lies near $92–$90, with a decisive breakout above $96 likely to push prices toward $99–$100 in the near term. Over the medium to long term, silver could rise to $110–$120 by 2026, supported by sustained industrial demand and supply constraints.
MCX Silver Price Outlook
In the domestic market, MCX silver continues to outperform with strong follow-through buying. The 20-day EMA near ₹3,17,000 remains a key support level.
Ponmudi noted that sustained trading above ₹3,26,000 keeps the trend decisively bullish, with near-term targets of ₹3,30,000–₹3,32,000 and potential upside toward ₹3,50,000 in the coming months. Any correction toward ₹3,15,000–₹3,13,000 may offer accumulation opportunities for long-term investors.
Silver vs Silver ETFs: What Should Investors Do?
Akshat Garg, Head of Research & Product at Choice Wealth, advises new investors to consider silver ETFs as part of a diversified portfolio rather than making direct commodity bets.
He said existing silver ETF holders should avoid exiting at current levels, citing strong institutional participation, central bank accumulation, and silver’s rising industrial demand as key supportive factors.
Portfolio Strategy for Investors
For long-term investors, Garg recommends allocating 5–10% of a diversified portfolio to gold or silver ETFs alongside equities and debt instruments. He emphasised that precious metals should be viewed as diversification tools rather than short-term momentum trades.
“Institutional conviction remains strong. Any dips should be treated as buying opportunities for long-term portfolios,” Garg added.
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