Silver Hits Record ₹191800/kg; Fed Rate Cut Decision Tonight

• Silver prices reached a new record high on MCX, with the March contract surging to ₹191,800 per kg.
• The price surge is driven by strong investor buying, supply shortages, and anticipation of a US Federal Reserve interest rate cut.
• International silver prices also soared, surpassing the historic $60/ounce mark to reach $62.14/ounce.
• Experts anticipate a potential 25 basis point rate cut by the Fed, with Chairman Powell's speech tonight crucial for future price direction.
• Factors like silver's inclusion in the US critical minerals list and significant ETF inflows have further boosted investor confidence.

Why It Matters: Record silver prices hinge on the US Fed's rate decision, affecting global markets.