Overview
- India’s MCX March 2026 futures touched Rs 2,42,000 per kg before settling at about Rs 2.39 lakh, reflecting aggressive buying and sharp intraday swings.
- Comex futures set a new peak at $79.70 per ounce before closing near $77.19, extending a rapid multi‑session climb.
- Prices jumped more than 15% over the past week, capping a year in which silver gained roughly 164% globally and nearly 175% in India.
- Analysts highlight strong industrial use in solar, electronics and EVs, steady ETF inflows, rate‑cut expectations and capital rotation into commodities as key supports.
- Beijing’s export restrictions requiring licences from January 1, 2026, expected through 2027, are flagged as a fresh constraint that could tighten cross‑border supply, with some projections pointing toward $100/oz in 2026.