MCX Silver Hits All-Time High, Crosses ₹3 Lakh Per KG Amid Global Instability

• MCX silver prices surged past ₹300,000 per kilogram for the first time, reaching ₹301,315 per kilogram.
• The record-breaking rally is attributed to geopolitical and trade instability stemming from US President Donald Trump's tariff threats on European countries.
• Trump's proposed 10% tariff on eight European nations, including France, Germany, and the UK, for opposing Greenland's merger with the US, is set to increase to 25% by June.
• The tariffs have boosted demand for precious metals, with silver trading at ₹300,479 per kilogram on MCX, a 4% jump.
• Experts like Lawrence Balanco of CLSA note an upward trend for gold and silver, with gold having an unachieved target of $5100-$5200.

Why It Matters: Silver prices on MCX reached a historic high of over ₹3 lakh per kg due to global trade tensions.