Silver Soars to All-Time Highs: MCX Futures Hit ₹2.53 Lakh/kg, Spot Nears $83

• Silver futures on MCX reached an all-time high of INR 253,280/kg for 999 purity.
• The spot price of silver touched $82.95 an ounce, showing significant daily and weekly gains.
• Prices are surging due to tight supply and persistent industrial demand.
• Experts project silver to remain structurally bullish, potentially reaching $65-$80+ by 2026.
• Near-term consolidation or pullback is anticipated after the sharp rally, but the overall bullish trend is expected to continue.

Why It Matters: Silver hits record highs driven by demand and supply, with experts predicting continued long-term growth.