Silver Hits Record Highs: Geopolitical Tensions & Industrial Demand Fuel Rally

• Silver's spot price on Comex reached a record $86.025 per ounce, driven by geopolitical tensions and industrial demand.
• Domestic futures price on MCX opened at Rs 2,69,352 per kg, a 0.14% gain, after peaking at Rs 2,71,352 on January 12, 2026.
• Augmont Bullion report attributes the surge to rising geopolitical tensions and expectations of further US Federal Reserve interest rate cuts.
• Silver jumped 12% last week due to weaker-than-expected US jobs data and an uncertain global backdrop.
• Future outlook suggests the rally could extend towards $84, $88, $93, and $99 in coming months, with strong support at $70.

Why It Matters: Silver prices soar to record highs, propelled by global instability and industrial demand, with further gains expected.