Silver Prices Soar: Doubles Gold's Growth, Hits Record Highs Amid Global Turmoil

• Silver prices have doubled compared to gold, reaching a record ₹2.35 lakh per kilogram domestically and over $75 per ounce internationally.
• Domestic silver surged by over ₹32,000/kg in just four trading sessions; gold also hit new highs, exceeding ₹1.42 lakh/10 grams.
• Global geopolitical factors, including the US blockade on oil tankers in Venezuela and military action in Nigeria, are driving investors to safe-haven assets.
• Silver's industrial demand from sectors like semiconductors, electric vehicles, and solar energy, coupled with supply shortages, fuels its rise.
• Silver has seen a 160% increase this year domestically, significantly outperforming gold's 80% growth, with strong future prospects.

Why It Matters: Silver prices are skyrocketing due to safe-haven demand and industrial use, outperforming gold.