Silver Prices Skyrocket: Rs 53,000 Jump in 2 Days, Expected to Hit Rs 4 Lakh This Week

• Silver prices have surged by Rs 53,000 per kilogram in just two days, with expectations to cross Rs 4 lakh this week.
• On MCX, silver futures for March delivery hit an all-time high of Rs 3.83 lakh per kilogram, up over 7 percent.
• Gold prices also reached a new peak of Rs 1.62 lakh per 10 grams in the futures market, driven by safe-haven demand.
• In the global market (Comex), silver futures for March delivery jumped 9.03 percent to $115.52 per ounce.
• The rise is attributed to a weaker US dollar, geopolitical tensions, and increased investor interest in safe-haven assets.

Why It Matters: Silver and gold prices are soaring due to a weak dollar, geopolitical tensions, and safe-haven demand.