Silver prices opened higher on Wednesday, extending their strong run in the commodities market. On the Multi Commodity Exchange (MCX), silver futures rose 1.04% to Rs 1,61,164 per kilogram, driven by renewed demand and tightening liquidity in global markets.
The rally follows a liquidity crunch in London’s physical silver market, which has sparked a global rush for the metal. Borrowing costs for silver in the city soared earlier this week, pushing benchmark London prices above New York futures. However, the gap narrowed on Tuesday as prices stabilized slightly, though both levels remain elevated.
Analysts noted that all four major precious metals—gold, silver, platinum, and palladium—have surged between 58% and 80% in 2025, marking one of the strongest commodity rallies in recent years.
Gold, in particular, continues to benefit from central bank purchases, strong ETF inflows, and Federal Reserve rate cuts, adding further momentum to the broader precious metals rally.
