Silver prices cross Rs 2 lakh mark! MCX Silver futures hit all-time high of Rs 2,00,362 per kg; what’s the outlook?

Silver price today: Silver prices crossed the milestone of Rs 2 lakh per kg on Friday, driven by robust investor interest and favourable global market conditions. The white metal futures continued their upward trajectory for the fourth straight day, with March delivery contracts increasing by Rs 1,420, or 0.71 per cent, reaching an all-time high of Rs 2,00,362 per kg on the Multi-Commodity Exchange (MCX). Internationally, Comex silver futures demonstrated strength by reaching a new high of USD 64.74 per ounce. Market experts suggest that silver will achieve higher values, backed by international factors, manufacturing demand and rupee depreciation. Ponmudi R., CEO of Enrich Money told ET, "Silver continues to outperform gold in both global and domestic markets", noting that the incre