Silver Prices Soar Amid Geopolitical Tensions, Experts Predict Further Gains

• Silver prices continue to rise globally and domestically, with spot silver at $78.74/ounce and MCX futures at Rs 2,50,801/kg on January 6.
• The surge is attributed to increasing global geopolitical tensions, including US-Venezuela, Iran-US, and Russia-Ukraine conflicts, driving investors to safe-haven assets.
• IBJA data shows 999 purity silver consistently strengthening since January 1, reaching Rs 2,37,063/kg on January 5.
• Augmont Bullion predicts silver could reach $88.60, $99, and even $107 in 2026, with strong support at $64.
• Domestic city prices showed slight variations due to local taxes, with Mumbai, Delhi, Kolkata at Rs 2,48,100/kg and Chennai, Hyderabad at Rs 2,66,100/kg on January 5, 2026.

Why It Matters: Global tensions fuel silver price surge; experts predict further gains in 2026.