Silver rate today: Silver prices opened flat on Wednesday, January 7, but managed to touch a fresh record high amid ongoing geopolitical tensions between the US and Venezuela.
Silver prices started the session downwards at ₹2,57,599 per kg levels on Wednesday, as against its last closing price of ₹2,58,000 on Tuesday. However, the white metal soon touched a record high of ₹259,692. The white metal touched an intraday low of ₹2,57,001 per kg today.
Continuing the rally, COMEX silver opened on Wednesday with a gap-up and quickly scaled a new all-time high of $82.548 per ounce within minutes of the opening bell. However, it soon pared gains and was last trading 1.3% lower at $79.935
“The ongoing up-move in gold and silver is being driven by structural demand rather than short-term speculative activity. Sustained central-bank gold purchases, elevated geopolitical uncertainty, and expectations of global monetary easing continue to reinforce gold’s role as a core portfolio hedge. Silver adds a layer of support through robust industrial demand, led by solar energy, electric vehicles, AI infrastructure, and broader electrification themes, resulting in persistent supply tightness,” said Ponmudi R, CEO of Enrich Money.
What’s the outlook for silver prices ahead?
Market experts believe that silver prices are likely to remain volatile amid the ongoing US-Venezuela crisis, which is anticipated to disrupt silver exports from Peru, Chad, Mexico, and other Latin American nations, adding to supply concerns.
“MCX Silver is currently trading near the ₹2,50,000 level. Sustained price action above ₹2,45,000 continues to support an upside trajectory toward the ₹2,50,000– ₹2,55,000 zone, while the key accumulation support is seen in the ₹2,40,000– ₹2,42,000 range,” Ponmudi said.
Silver has posted a historic rally in 2025, surging about 161% year to date.
Meanwhile, Tata Mutual Fund said in a report that portfolio rebalancing and a revision in demand-supply figures in 2026 may trigger price correction.
“At current levels, investors may remain cautious with the fresh investment and may look to invest in silver through SIP / staggered mode, considering the volatile nature of the commodity,” the report said.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
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