Silver Price Soars Over ₹12,000 in a Day: 5 Key Reasons Behind Record High

• MCX silver futures for March delivery surged by ₹12,803 per kilogram, reaching ₹2,87,990 on January 14.
• Global geopolitical tensions (Venezuela, Iran, Russia-Ukraine) drive demand for silver as a safe-haven investment.
• A weakening dollar and currency market volatility make silver more attractive to international investors.
• Increased investment trust in silver, from retail to large funds, boosts its appeal amid equity market uncertainty.
• Growing industrial demand from solar panels, electronics, and EVs, coupled with a supply-demand imbalance, pushes prices higher.

Why It Matters: Silver prices hit a record high due to global tensions, a weak dollar, increased investment, industrial demand, and supply shortages.