Silver Price Today LIVE: Silver prices declined sharply from record highs today amid profit-taking in the white metal. On the MCX, silver prices traded nearly 2% lower in afternoon trade today.
Silver price today LIVE: Silver prices have been on a tear, hitting fresh record highs, supported by strong industrial demand, expectations of rate cuts in the US next year and growing concerns over global supply disruptions, along with geopolitical tensions.
In the domestic market, silver has delivered an exceptional return in the current calendar year, rising by ₹1,52,554, or nearly 175% — emerging as the best asset class. It has also eclipsed the returns offered by gold, which is up over 80% this year.
However, silver faced some profit-taking in today's trading session, shedding over ₹21,000 per kg or 8%. The prices recovered from the day's low but still traded 2% lower at around ₹235,873 per kilogram.
Why is silver rising?
The rally in silver this year has been driven by:
1) Demand–Supply Gap: Silver is largely a by-product of other metals such as copper, lead, and zinc, which means that a rally in silver prices does not automatically lead to higher production. As a result, silver has remained in a structural deficit for the past seven years, as illustrated in the chart below, justifying the strong rally in the asset in 2025.
2) Monetary Policy and Geopolitical Uncertainty: The easing of interest rates by the US Federal Reserve, along with expectations of further rate cuts in 2026, has made non-yielding assets like silver more attractive. In addition, silver has benefited from safe-haven flows amid global uncertainty arising from Donald Trump’s tariff policies and the ongoing Russia–Ukraine conflict, which have continued to support the rally.
3) Industrial and Investment Demand: Silver’s industrial demand is primarily driven by its use in solar panels, electronics, electric vehicles, and other high-tech applications. Industrial demand surged in 2025 due to increased solar adoption, renewable energy rollouts, the growth of electric vehicles, and expanding global electronics production.
Track this space for all the LIVE updates on silver rate today.
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