Silver prices delivered a historic performance on Monday, January 19, storming past a landmark level in India’s futures market and reinforcing the broader
bullish trend in precious metals. A surge in investor appetite, coupled with supportive global cues, pushed both silver and gold to fresh all-time highs, underscoring the growing appeal of safe-haven assets. In a first for Indian commodity markets, silver futures crossed the Rs 3 lakh-per-kg threshold on the Multi-Commodity Exchange (MCX). The March delivery contract registered a sharp single-day jump of Rs 13,553, marking a gain of 4.71 per cent and lifting prices to a lifetime high of Rs 3,01,315 per kilogram. This move caps a powerful weekly rally. Over the past seven days, silver futures have climbed nearly 14 per cent, translating into a rise of Rs 35,037. Market participants point to sustained buying interest as investors increasingly seek exposure to precious metals amid global uncertainty. Gold Scales Fresh Peaks Alongside Silver Gold was not far behind in the rally. Futures for February delivery attracted strong buying and surged to new record levels on the MCX. Prices advanced by Rs 2,983, or 2.09 per cent, to reach Rs 1,45,500 per 10 grams. Weekly, the yellow metal has added Rs 3,698, reflecting a gain of about 2.7 per cent. The steady climb highlights gold’s continued role as a portfolio hedge, even as silver outperforms in percentage terms. Expert Comment Justin Khoo, Senior Market Analyst - APAC, VT Market, noted that Silver crossing the Rs 3 lakh per kg mark is a historic milestone, reflecting intensifying safe-haven demand amid geopolitical tensions and global macro uncertainty. "From an investment perspective, this breakout is not merely a short-term spike but part of a broader structural uptrend supported by supply constraints and robust industrial demand, particularly in solar, electronics, and electric vehicles. While elevated levels introduce heightened volatility, investors should focus on strategic positioning rather than chasing record highs. Tactical profit-taking near these peaks is sensible for short-term traders, but for long-term investors, silver remains a compelling hedge against inflation and market uncertainty." "Overall, the recommendation is to buy on meaningful dips and hold core positions, keeping allocations balanced with risk management in mind. The trend favours continued upside, but disciplined entry and exit remain critical at these historically high levels," Khoo added. (Disclaimer: This article is meant solely for informational and educational purposes. The views and opinions expressed are those of individual analysts or brokerage firms and do not reflect the stance of Times Now. Readers are advised to consult certified financial experts before making any investment decisions.)
