Silver Soars: Tsunami-Like Surge Hits Market Amid Geopolitical Fears

Personal Finance
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CNBC Awaaz•05-01-2026, 10:47
Silver Soars: Tsunami-Like Surge Hits Market Amid Geopolitical Fears
- •Silver surged by 13,500 rupees/kg in India, nearly 6% on COMEX, crossing $75/ounce in a single day.
- •US-Venezuela conflict, supply fears, and global market turmoil fueled the unprecedented rally.
- •Experts predict a bull trend, potentially reaching $78/ounce, but warn of profit-booking risks at higher levels.
- •Common people face higher prices for silver purchases; investors are advised caution and wise decisions.
- •Technical analysis suggests MCX silver sustaining above 2,40,000 rupees could lead to 2,50,000-2,60,000 rupees.
Why It Matters: Silver's massive surge driven by geopolitical fears creates a bullish market with high risk; investors must act wisely.
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