Silver prices hit all-time high as global tensions rise
Silver just hit a record ₹3.28 lakh per kg on January 20, 2026—a massive 36% jump this month alone.
The spike is thanks to both surging demand for silver in tech like solar panels and EVs, and investors looking for safe bets as global uncertainties heat up.
Experts think prices could climb even higher, possibly reaching ₹3.5 lakh soon.
What's driving the silver rush?
Ongoing trade tensions—like US President Trump's new tariff threats against Europe—and concerns over Denmark's actions in Greenland have pushed more people to buy silver as a safe haven.
At the same time, industries are using the second-highest amount of silver on record, outpacing what's being produced.
Analysts say any dip in price is likely just another chance for buyers to jump in, with strong demand expected to continue.