Silver Prices Soar Near All-Time High on MCX, Up 2.65%

• Silver futures on MCX reached Rs 2,13,965 per kilogram on December 22, marking a 2.65% surge.
• The white metal's previous peak on MCX was Rs 2,02,899 recorded on December 19, 2025.
• Spot silver price surged above $69 an ounce, up 3.26% in a day and 8.44% in a week.
• Prices are rising due to global rate cuts, increased liquidity, a softer dollar, and strong industrial demand.
• Experts predict near-term consolidation but a continued upward trend driven by strong medium-term fundamentals.

Why It Matters: Silver prices are peaking due to global factors, with a strong long-term outlook despite short-term volatility.