Silver Price Soars 6% on MCX Amid Geopolitical Tensions; What's Next for Investors?

• Silver prices surged nearly 6% on MCX, reaching Rs 2,67,673 per kilogram, driven by rising geopolitical tensions and US tariffs.
• Spot silver on Comex also saw a 5.65% increase, trading at $86.90 per ounce.
• Inventories are drawing down significantly, indicating tight supply and increased demand, especially with China's market closure.
• Investors are closely watching the Fed's January meeting minutes for clues on future interest rate trajectories, which will impact precious metals.
• Experts suggest a 'buy-on-dips, sell-on-rallies' strategy, with predictions of silver trading between $70-$90 (Rs 2,25,000-Rs 2,85,000).