Silver Price Soars to Record Highs, Crosses ₹2.5 Lakh/Kg on MCX

• Silver price on MCX crossed ₹2.5 lakh per kilogram for the first time, marking a record surge.
• Last week saw a 15.04% gain (₹31,348), with a 175% jump this calendar year.
• Rahul Kalantri of Mehta Equities attributes the rise to silver's tech necessity, scarcity, and industrial demand, predicting better investment in 2026.
• China's tight supply and upcoming export controls from Jan 1, 2026, are expected to impact global supply.
• Analysts foresee continued gains for gold and silver in 2026 due to rate cuts and safe-haven demand.

Why It Matters: Silver prices hit record highs driven by industrial demand, scarcity, and China's export controls, with further gains expected.