Silver Soars Past ₹2.5 Lakh: Industrial Demand, Weak Dollar, Geopolitics Fuel Record High

• Silver surged 5% (₹14,000/kg) on MCX, crossing ₹2.5 lakh/kg on Dec 29, reaching a record high.
• Rising industrial demand from solar panels, EVs, and electronics, coupled with declining mine production, creates a supply shortage.
• A weakening US dollar makes silver more attractive and boosts safe-haven investments.
• Geopolitical tensions further drive demand for silver as a safe-haven asset.
• Experts predict silver could hit $100/ounce on Comex by 2026, with the Gold-Silver Ratio at 60 indicating strong performance.

Why It Matters: Silver prices hit record highs driven by strong industrial demand, a weak dollar, and geopolitical tensions.