Silver Prices Surge 15% in a Week, Nearing Record Highs Amid Global Tensions

• Silver prices have increased by nearly 15% in the last week, reaching approximately Rs 3.19 lakh per kg in India.
• Internationally, silver traded near its record high of $93.25 on January 22, after peaking at $95.53 on January 20 on Comex.
• The surge is attributed to rising industrial demand and heightened geopolitical and trade tensions, including Trump's Greenland remarks and tariff threats.
• On MCX, silver opened at Rs 3,20,811 per kg on Thursday, after hitting a record high of Rs 3,35,521 on January 21.
• Investors are monitoring Europe's response to tariff threats, developments from Davos, and upcoming US GDP and inflation data.

Why It Matters: Silver prices are soaring globally and in India due to safe-haven demand amidst escalating trade and geopolitical tensions.