Silver prices just broke records—here's what's up
Silver prices hit an all-time high in mid-December 2025, with futures reaching ₹2,14,534 per kilo on MCX and spot prices jumping to $68.65 an ounce.
Silver is now one of the year's top-performing commodities, and experts think it could climb even higher by New Year's thanks to strong central bank buying and steady ETF investments.
What's fueling the surge?
A mix of global trends is behind this rally: expectations of US interest rate cuts, ongoing geopolitical tensions (which also boost gold), and a physical silver shortage driven by booming demand from solar panels and electric vehicles.
China's export restrictions are making supply even tighter.
As Ponmudi R from Enrich Money notes, rising industrial demand and persistent shortages are keeping silver in the spotlight.