Silver Goes 'Supersonic': 11% Jump in 1 Week, Is ₹3 Lakh Next?

• Silver prices surged by 11.27% in the international market this week, closing at $79.341 per ounce on COMEX.
• In the Indian market (MCX), March 2026 futures silver reached historic levels of ₹2,52,000 per kilogram.
• Key drivers include China's 'shadow ban' on silver exports from January 1, 2026, and supply chain disruptions from Peru and Chad.
• Exploding industrial demand from EVs, solar panels, and AI hardware, coupled with limited supply, is fueling the rally.
• The US Supreme Court's postponed decision on Donald Trump's tariffs adds market uncertainty, boosting silver as a safe-haven asset.

Why It Matters: Silver's price rally, driven by supply constraints and industrial demand, hints at potential new highs.