Silver Price : Silver has started the New Year with a strong surge, extending the remarkable momentum it built throughout 2025. Prices jumped nearly 2% on Thursday, supported by bullish global cues, rising industrial demand, and expectations of lower interest rates across major economies.
The renewed strength in precious metals has once again placed silver in the spotlight, with analysts calling it one of the most promising commodities for 2026.
Silver Prices Today: MCX and Global Markets Rise
In domestic markets, MCX silver gained ₹4,600, or 1.9%, to trade near ₹2,40,500 per kilogram. The rally reflects strong global sentiment as investors continue to seek safe-haven and inflation-hedge assets at the start of the year.
In international trade, spot silver climbed over 2% to $72.75 per ounce, after recently touching a record high above $83 per ounce. The metal had an extraordinary run in 2025, delivering one of the strongest performances in its history.
Gold also moved higher, with spot prices trading near $4,346 per ounce, showing that the broader precious metals market remains firmly supported.
Why Silver Is Gaining Momentum
Silver’s rise is not driven by speculation alone. Structural changes in the global economy are creating sustained demand for the metal.
1. Exploding Industrial Demand
Silver plays a critical role in:
- Solar panels
- Electric vehicles
- Semiconductors
- AI hardware
- Clean-energy technologies
As countries invest aggressively in green energy and digital infrastructure, silver consumption is accelerating faster than new supply can be developed.
2. Global Supply Shortage
Mining output has struggled to keep up with demand. Several large producers are facing declining ore quality, higher extraction costs, and geopolitical risks. This supply pressure has created a persistent deficit in the silver market.
3. Falling Interest Rates Support Metals
Expectations of interest rate cuts by the US Federal Reserve and other central banks are also lifting precious metals. Lower rates reduce the opportunity cost of holding non-yielding assets like gold and silver, making them more attractive to investors.
What Experts Are Saying About Silver in 2026
Ponmudi R, CEO of Enrich Money, says the long-term trend remains positive.
He believes silver is entering 2026 with a solid foundation built on:
- Tight supply
- Strong industrial demand
- Rising investment interest
- Continued global monetary easing
According to him, silver’s bullish structure remains intact despite short-term fluctuations.
Silver Outlook 2026: What Are the Price Targets?
Brokerage firm Choice Broking sees silver as a potential top-performing asset in 2026.
The firm highlights that demand from electric vehicles, solar energy, and clean-tech industries continues to grow, while supply remains constrained. This imbalance is creating strong upward pressure on prices.
Key Silver Levels (MCX)
| Category | Price Level |
|---|---|
| Support | ₹2,11,600 |
| Strong Support | ₹1,80,000 |
| Resistance | ₹2,60,000 |
| Upper Target | ₹2,95,000 |
Choice Broking expects silver to trade within a wide but bullish range, with volatility driven by global economic and geopolitical developments.
Will Silver Outperform Gold in 2026?
Many analysts believe silver could outperform gold this year.
Unlike gold, which is mainly a store of value, silver has dual demand — as both an investment asset and an industrial metal. With renewable energy, EVs, and AI industries expanding rapidly, silver’s real-world usage gives it a powerful growth advantage.
Should Investors Be Cautious?
While the long-term outlook remains bullish, experts warn that silver prices may see sharp short-term swings. Global interest rate decisions, geopolitical tensions, and currency movements could create volatility.
Investors are advised to maintain a balanced strategy and seek professional guidance before making large exposure decisions.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult certified financial advisors before making any trading or investment decisions.