Silver Prices Steady in Hyderabad Amidst National Drop; Future Outlook Bright

• National silver prices dropped by ₹20,000 per kg on Tuesday, reaching ₹2,80,000, while Hyderabad prices remained stable at ₹3,00,000 per kg.
• The silver market experienced extreme volatility recently, with prices peaking at ₹4.25 lakh on January 29th before crashing to ₹3 lakh by February 2nd.
• Silver March futures on MCX saw a 15 percent increase on Tuesday, trading at ₹2,73,186, with experts predicting further price rises.
• Key drivers for future silver price increases include the Electric Vehicle (EV) boom, demand from solar energy and green technology, increased use in AI and data centers, and its role as a safe haven investment.

Why It Matters: Hyderabad silver rates held steady despite a national dip, with strong future demand expected from EVs, solar, and AI.