Silver has shattered all records, reaching an all-time high of Rs 2 lakh per kilogram, overtaking gold in momentum. The metal surged by Rs 9,000 in a single day and has become Rs 16,000 costlier in just two days, marking one of the steepest climbs in recent times.
Why Are Prices Soaring?
The unprecedented rise is largely driven by a global shortage of silver. A significant portion of silver from the London Metal Exchange has been shipped to the United States, tightening international supply. Meanwhile, demand has skyrocketed due to silver’s expanding use across industrial sectors, from electric vehicles and solar panels to medical devices and electronics.
In India, wealthy individuals, institutional investors, and major corporations are betting big on silver, seeing it as both a hedge a