Record Silver Prices Near ₹2 Lakh; Experts Forecast Continued Rise

• Silver prices hit record highs, with international rates above $61 and domestic spot prices nearing 1,99,000 rupees per kg after a 9,000 rupee jump.
• MCX silver futures for March 2026 are trading at 1,90,146 rupees per kg, reflecting a 0.11% increase.
• Market expectations for a December rate cut (89.6% probability for 3.50%-3.75%) are influencing commodity markets.
• Analysts forecast significant gains for silver in 2026, with targets ranging from $56 to $75 per ounce from firms like Citi, BofA, Goldman Sachs, and Motilal Oswal.
• Experts note a 40,000 rupee price increase in 10 days, driven by investment and consumption demand, but physical market buying is low; some predict 2.10 lakh if current levels hold.

Why It Matters: Record silver prices signal major market shifts and potential for further growth.