Silver prices climbed to contemporary lifetime highs in each home and worldwide markets on Friday, pushed by sturdy global cues and skinny year-end buying and selling, in accordance to the All India Sarafa Association.In the nationwide capital, silver soared by Rs 9,350 to shut at a record Rs 2,36,350 per kilogram on Friday, up from Rs 2,27,000 per kg in the earlier session, PTI reported. Over the previous 4 buying and selling periods, the metal has gained Rs 32,250, or 15.8%, from Rs 2,04,100 per kg on December 19.For the calendar yr, silver has recorded an even sharper rise, including Rs 1,46,650, or 163.5%, from Rs 89,700 per kg on December 31, 2024.Meanwhile, gold maintained its upward momentum in the native bullion market. The valuable metal of 99.9% purity jumped Rs 1,500 to contact a brand new lifetime excessive of Rs 1,42,300 per 10 grams (inclusive of all taxes), in contrast with Rs 1,40,800 per 10 grams in the earlier session. On a year-to-date foundation, gold has gained Rs 63,350, or 80.24%, from Rs 78,950 per 10 grams on the finish of 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, mentioned, PTI quoted..In abroad markets, benchmark spot gold rose $50.87, or 1.13%, to hit a contemporary lifetime excessive of $4,530.42 per ounce.“Gold continues to trade at a record high of $4,530 per ounce, buoyed by Fed rate cut expectations and a positive undertone in the commodities market. Thin trading conditions due to the year-end holidays are exaggerating the moves,” Praveen Singh, Head of Commodities and Currencies at Mirae Asset ShareKhan, mentioned.Silver additionally prolonged its rally overseas. Spot silver climbed $3.72, or 5.18%, to contact a brand new excessive of $75.63 per ounce, breaking previous the $75 per ounce mark for the primary time.“Spot silver hit a high of $75 during 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,” Gandhi added, noting that low liquidity across the Christmas and year-end vacation season has intensified worth strikes.Structural components are additionally supporting silver’s advance, analysts mentioned. Jigar Trivedi, Senior Research Analyst at Reliance Securities, pointed to a multi-year provide deficit, with global mine output lagging demand and above-ground inventories declining.“Structural tightness in the physical market could support much higher prices if deficits deepen,” Trivedi mentioned, highlighting silver’s essential function in sectors akin to photo voltaic panels, electrical autos, 5G and AI electronics, and different clean-tech infrastructure.He additionally famous {that a} weak US greenback and rising safe-haven demand may push silver prices towards $100 per ounce in 2026.
