Silver prices just hit an all-time high in India
Silver's on a wild ride—prices have soared to ₹184,448 per kg according to the Indian Bullion and Jewellers Association, with March contracts on the MCX peaking even higher at ₹191,800 per kg.
Globally, silver crossed $61 an ounce as demand keeps climbing and supply struggles to keep up.
Why is silver getting so expensive?
Turns out, silver isn't just for jewelry—industries like solar power, electric vehicles, and electronics are snapping it up fast.
Mines can't keep pace, and China's stockpiles are at decade lows.
All this means there's less silver to go around.
Investment buzz and a weak rupee add fuel
Silver's now labeled a "critical mineral" in the US, making it extra appealing for investors (especially through ETFs).
Plus, with the rupee slipping against the dollar, importing silver costs even more here.
Bottom line: expect prices to stay jumpy—and higher—for now.