Silver prices have surged to a 13-year high, surpassing $38 per ounce in global markets, with a 25% gain in the first half of 2025. Analysts attribute this to growing demand for safe-haven assets and expectations of long-term value. In India, silver prices have reached an all-time high on the Multi Commodity Exchange, driven by fresh buying positions from traders anticipating sustained global momentum.
Silver prices have surged to a 13-year high, surpassing $38 per ounce in global markets, with a 25% gain in the first half of 2025. This significant rally is attributed to growing demand for safe-haven assets and expectations of long-term value, according to analysts [1].
The precious and industrial metal's performance has been driven by geopolitical tensions and economic uncertainty, with silver prices surging past $38 per ounce on Friday, their highest level in over 13 years. In India, silver prices have mirrored this global trend, reaching an all-time high on the Multi Commodity Exchange (MCX) [2].
Analysts attribute silver's strong performance to the elevated gold-to-silver ratio observed in April and May, which pointed to silver being historically undervalued. Additionally, fresh buying positions from traders anticipating sustained global momentum have contributed to the metal's rise [1].
Domestic silver prices in India are largely influenced by international trends and the rupee-dollar exchange rate. Any depreciation in the rupee could further inflate local prices, as seen in the recent rally [3].
Spot traders expect silver to climb even higher if the global rally continues and the rupee weakens further. The metal has support at ₹1,08,480 per kilogram and resistance at ₹1,10,700 per kilogram on the MCX, as per Rahul Kalantri, VP Commodities at Mehta Equities [3].
References:
[1] https://www.financialexpress.com/market/gold-pulse/silver-soars-to-13-year-high-surpasses-38-in-global-markets/3911395/
[2] https://www.tradingview.com/news/te_news:469484:0-silver-hits-over-13-year-high/
[3] https://www.cnbctv18.com/market/commodities/silver-prices-all-time-high-india-rates-investment-how-much-more-can-it-rise-19635482.htm
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