Silver Shines: Record Highs Amid Global Uncertainty, Strong Demand

• Silver continues its record-breaking run, driven by the energy transition and safe-haven demand.
• The white metal reached a new high of $93.70 on January 15, fueled by geopolitical tensions and industrial demand.
• On MCX, silver closed at a record high of Rs 2,94,497 per kilogram, up 0.37 percent.
• US President Donald Trump's decision to pursue negotiations over new tariffs on critical minerals caused a slight retreat from record international highs.
• Expectations of Federal Reserve rate cuts this year are influencing market sentiment for silver.

Why It Matters: Silver prices are at record highs globally and in India, supported by demand and geopolitical factors.