Silver Price Soars to Near $75 Amid Tight Supply, Strong Industrial Demand

• Silver's spot price peaked near $75 an ounce on December 26, rising 4.19% in a day and 11.46% in a week.
• Domestic MCX futures closed at ₹2,23,730 per kg, briefly touching an all-time high of ₹2,24,830.
• The surge is driven by tight supply and robust industrial demand, with the spot price up over 140% as per Augmont Bullion.
• Expert Justin Khoo projects silver to remain structurally bullish, potentially reaching $65-$80+ by 2026.
• Near-term, profit booking and consolidation are expected, but any pullback is seen as corrective, not a trend reversal.

Why It Matters: Silver prices hit new highs driven by demand and supply, with experts forecasting continued bullish trend.