Silver Shines Bright: All-Time Highs Signal Momentum (MCX High Rs.1,04,947/-) by Amit Gupta, Kedia Advisory
Silver has emerged as a standout performer in 2025, recently hitting an all-time high on the Multi Commodity Exchange (MCX) at Rs.10,4947 per kilogram and a 12-year international peak near $34.90 per ounce. This remarkable rally is underpinned by a combination of weak U.S. economic indicators, rising geopolitical tensions, a softening dollar, and robust industrial demand from sectors like electric vehicles and solar energy.
One of the most telling market shifts is the sharp decline in the Gold-Silver Ratio from 107 to 95, suggesting silver is increasingly favoured over gold by investors seeking value and growth potential. The narrowing of this ratio historically signals a phase of silver outperformance, adding to the optimism.
However, the road ahead may not be without bumps. Market volatility is expected to remain elevated due to ongoing uncertainties surrounding global monetary policy, U.S.–China trade relations, and shifting inflation dynamics. While silver is well-positioned to test further highs—possibly reaching Rs.1,30,000 per kilogram later this year—caution is warranted as price corrections may emerge amid broader economic developments. Overall, silver continues to reflect the dual narrative of a monetary hedge and an industrial growth story. As the global economic environment evolves, the metal’s ability to balance both roles will determine its trajectory in the coming months.
Above views are of the author and not of the website kindly read disclaimer
