Silver Hits New Peak: Geopolitical Tensions Fuel Price Surge on Jan 7

• International silver on COMEX reached a record $82.585 per ounce, maintaining around $80.95, gaining 14% in a week.
• Domestic 999 purity silver on MCX opened at ₹2,57,211 per kilogram, remaining near its recent high despite a slight dip.
• Global investors are moving towards safe-haven assets like gold and silver due to increased US-Venezuela tensions.
• The rally, starting in August, saw prices jump from $45 in October to over $80 by December 2025, driven by geopolitical and economic uncertainty.
• Events like Iran-US tensions and the Russia-Ukraine war contribute to risk, making silver a safe investment, supported by industrial demand.

Why It Matters: Silver prices soar globally and domestically, driven by geopolitical tensions and safe-haven demand.