Silver crosses Rs 2 lakh on MCX; industrial demand fuels record surge.

• Silver prices on MCX surpassed Rs 2 lakh per kg, driven by strong global cues, industrial demand, and a weak rupee.
• The collapse of the Gold/Silver Ratio highlights silver's outperformance, with its rally now fundamentally driven by its role as a critical industrial input.
• Supply faces chronic bottlenecks due to stagnant production, by-product economics, and low scrap supply, contributing to a persistent deficit.
• Industrial demand for silver has surged, particularly from solar energy, EV sectors, and AI infrastructure, with solar demand more than doubling since 2020.
• Low inventories across exchanges, including decade-low levels in Shanghai, further exacerbate the supply-demand imbalance.

Why It Matters: Silver's price jump highlights its crucial role in green tech and industrial growth.