Silver Prices Skyrocket to Record Highs: Spot Above $72, Futures Break All Records

• Silver spot price surged past $72 an ounce on December 24, marking a 9.03% weekly increase.
• Domestic MCX silver futures hit a new record of Rs 2,23,699 per kilogram, up 1.83% from its previous close.
• The price rally is fueled by strong investment and industrial demand, alongside expectations of looser US monetary policy.
• Rising geopolitical tensions, expanding U.S. debt, and global carry-trade unwinds contribute to silver's appeal as a hedge.
• Experts anticipate further upside for silver, with the uptrend intact above $67.50 (~Rs 209,000) support.

Why It Matters: Silver prices are at record highs due to strong demand, geopolitical tensions, and monetary policy expectations.