Silver prices soared by Rs 9,350 to hit a fresh lifetime high of Rs 2,36,350 per 1 kilogram in the national capital on Friday, tracking strong global cues,
according to the All India Sarafa Association. The white metal had closed at Rs 2,27,000 per kilogram on Wednesday, reported PTI. Over the past the four sessions, silver prices have added Rs 32,250, or 15.8 per cent, from Rs 2,04,100 per kilogram since December 19, according to PTI. During the calendar year, the white metal had risen Rs 1,46,650, or 163.5 per cent, from Rs 89,700 per kg recorded on December 31, 2024. "The precious metals rally continued on the last trading day of the week, with gold and silver reaching new record highs once again," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
Spot Silver
Spot silver rose to hit $75 per ounce-mark for the first time in the overseas trade. The white metal climbed $3.72, or 5.18 per cent, to touch a new record of $75.63 per ounce in overseas trade."Spot silver hit a high of $75 during the Asian trading hours on Friday. The strong bullish momentum has attracted more momentum-driven traders, who have been active in the precious metals market since early December," Saumil Gandhi of HDFC Securities said. This trend has been intensified by the low liquidity that is near the year-end and Christmas holiday season, he added.
Views on Silver
Jigar Trivedi, Senior Research Analyst at Reliance Securities, said silver has been in a multi-year supply deficit, global mine output has lagged demand, and above-ground inventories are declining. He further stated that structural tightness on the physical market could support much higher prices if deficits deepen. Silver is crucial in solar panels, EVs, 5G/AI electronics, and other clean-tech infrastructure.As these sectors grow, industrial demand may outpace supply further, tightening markets, Trivedi, said, adding that other catalysts are weak dollar and rising safe haven demand could push silver prices to $100 per ounce in 2026.
Robert Kiyosaki on Silver
Author of Rich Dad Poor Dad and American businessman Robert Kiyosaki shared that he began buying silver in 1965, when prices were under a dollar an ounce. "Silver is over $70 USD an ounce (Rs 2.2 lakh per kg)," Kiyosaki wrote on X, adding, "If you think silver is at an all time high then you’re too late. I believe silver is just getting started and I believe $70- $200 silver could be an outside reality in 2026."Believing that “$200 silver” was also possible, Kiyosaki said, "There are many reasons I state $200 (Rs 6.33 lakh per kg) silver is possible." (With Agency Inputs)
