Silver Soars: Massive Jump on Jan 5 Amid Geopolitical Tensions, Hits New Highs

• International spot silver price surged 3.69% in one day to $75.34 per ounce on January 5, and 4.19% in a week.
• Domestic MCX silver futures opened 4.18% higher at Rs 2,46,198 per kilogram, nearing its December 29, 2025 all-time high of Rs 2,54,174 per kilogram.
• The surge is primarily driven by escalating US-Venezuela geopolitical tensions, pushing investors towards safe-haven assets like silver and gold.
• Experts highlight silver's historic rally, gaining over 170% from January 2025 ($29.30) to December 2025 ($71), indicating strong investor confidence.
• Silver prices varied across Indian cities on January 5, with Chennai and Hyderabad at Rs 2,56,900 per kilogram, and other major cities around Rs 2,40,900 per kilogram.

Why It Matters: Silver prices are experiencing a significant surge driven by geopolitical tensions and safe-haven demand.