Silver Soars to Record Highs Amid Geopolitical Tensions & Fed Rate-Cut Hopes

Business
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Moneycontrol•07-01-2026, 10:43
Silver Soars to Record Highs Amid Geopolitical Tensions & Fed Rate-Cut Hopes
- •Silver's spot price on Comex hit an all-time high of $82.585 per ounce, gaining 14.09% in a week, driven by geopolitical tensions and Fed rate-cut expectations.
- •Domestic MCX futures opened at Rs 2,57,211 per kg, slightly down from its previous peak of Rs 2,59,322 on January 6, 2025.
- •Geopolitical risks, including the US intervention in Venezuela and threats from President Donald Trump, are boosting safe-haven demand for precious metals.
- •Despite a 15-20% drop in overall silver sales in December 2025, demand for silver bars and coins grew by 15-18%.
- •Analysts predict further gains if international tensions escalate or US data supports more aggressive Fed rate cuts, with resistance levels at $79 and potential targets of $82-$84.
Why It Matters: Geopolitical instability and Fed rate-cut hopes are driving silver to record highs, with further gains expected.
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