National Desk: This year, silver has shocked the commodity market with an explosive rally, surprising both investors and traders. Its continuously rising prices have pushed silver to historic highs. On MCX, the price of silver for March delivery has surged to ₹1,91,800 per kg, the highest level ever recorded. While gold has seen a slight decline, silver has clearly outperformed it in terms of returns.
Prices Doubled in 11 Months
From January to November 2025, silver prices jumped by nearly 100%. During the same period, gold saw a rise of around 60%.
Silver’s performance:
- January 2025: around ₹90,000 per kg
- Now: over ₹1.91 lakh per kg
In the international market as well, silver surged from $28 to $57 per ounce.
Why Has Silver Outpaced Gold?
Silver’s sharp rise can be attributed to two major factors:
- Massive increase in demand
Industries and the technology sector have witnessed a significant surge in silver consumption, boosting overall demand. - China’s record silver exports
China exported over 660 tons of silver in October alone.
However, its domestic stock has dropped sharply, reducing supply and pushing global prices even higher.
