Silver Soars to Record Highs on MCX: What Should Investors Do Now?

• MCX silver surged over 4%, hitting an all-time high of 2,04,445 rupees per kilogram.
• COMEX Silver Futures crossed $66 per ounce, rising 4.65% to $66.27 per ounce.
• The rally is fueled by weak US labor data, expectations of Fed interest rate cuts, and geopolitical tensions boosting safe-haven demand.
• Silver has shown significant gains: 117% in one year, 78% in six months, and 24% in one month.
• Experts are divided on buying; some advise caution due to volatility, while others highlight silver's dual role as a precious and industrial metal with strong demand.

Why It Matters: Silver hits record highs driven by macro factors; investors advised caution amid volatility and strong gains.