Silver Becomes 'Hot Metal': Prices Soar, Recycling Begins Amid Supply Crisis

• MMTC-PAMP is launching a pilot silver recycling program in Delhi within three months due to surging demand and supply shortages.
• Global mining output is insufficient to meet high industrial, solar panel, electronics, and investment demands for silver.
• Silver and gold futures hit new records on MCX, with silver futures jumping nearly 6% to ₹3.54 lakh per kilogram.
• Rising geopolitical tensions and trade uncertainties are driving investors to safe-haven assets like gold and silver.
• Silver-linked ETFs have shown strong returns, with some exceeding 200% since last year, despite market volatility.

Why It Matters: Silver prices are soaring due to high demand and low supply, prompting MMTC-PAMP to start recycling.