Silver Prices Slip 0.5% from All-Time High on MCX; Experts See Further Gains

• Silver prices on MCX slipped 0.5% to Rs 2,06,411 per kg, after hitting an all-time high of Rs 2,07,833 on December 17.
• The spot price of silver is hovering near $66 an ounce, showing a 4.2% weekly increase.
• Vijay Kuppa, CEO of InCred Money, notes silver's evolving role as a portfolio diversifier beyond traditional uses, reflecting growing investor confidence.
• Rising prices are driven by global uncertainty, inflation concerns, market volatility, and its critical industrial demand in modern technologies.
• Analysts predict silver will likely surpass its all-time high again, with medium-term fundamentals remaining strong despite short-term overbought conditions.

Why It Matters: Silver dips slightly from record high but strong fundamentals and industrial demand point to future gains.