Overview
- Spot silver held above $90 an ounce and tested $92 after setting fresh all-time highs, extending a powerful rally into Wednesday.
- India’s MCX March contract jumped to a record intraday high of Rs 2,87,990 per kg and traded sharply higher through the session.
- Silver miners and related ETFs advanced alongside the metal, with pre‑market gains across U.S.-listed producers and funds like SLV and SIVR.
- Analysts cited cooler U.S. core inflation and safe-haven demand tied to geopolitical tensions as key drivers of the latest leg higher.
- Commentators warned of elevated volatility and flagged resistance near $92, with some invoking 1980’s ‘Silver Thursday’ and urging disciplined, short-term trading strategies.