Archive · 8 Jan 2026
Silver Surges Amid Strong Demand
Silver prices have been going up a lot because there isn't enough silver to meet the demand.
This is happening because more people are buying silver for safekeeping and because it's used a lot in making things like solar panels and electronics.
In India, silver prices hit a new high of Rs 2.56 lakh per kg.
Gold prices, on the other hand, went down a little bit because some investors sold their gold after it went up a lot.
Experts think silver might keep going up, but it could also go down a bit sometimes.
They advise people to invest in silver slowly over time to manage the risk.
Silver prices surged by Rs 5,000 to hit a new record of Rs 2,56,000 per kilogram in Delhi markets.
Gold prices experienced a slight decline on Wednesday as investors took profits following a recent rally.
Silver's surge is driven by strong demand, structural supply constraints, and rising investor interest.
India imported over 170 million ounces of silver in the first ten months of 2025, reflecting strong retail and industrial demand.
Experts advise a staggered investment approach to manage the volatility in silver prices.
- Who
- Prashanth Tapse, Senior VP and Research Analyst at Mehta Equities, Traders, Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, Renisha Chainani, Head – Research at Augmont, Tata Mutual Fund
- What
- Analysis of silver and gold bullion, Silver price surge, Gold price decline
- When
- Wednesday (specific date not mentioned), January 7, 2026
- Where
- Interview with Business Today, New Delhi, International markets
- Why
- To provide investment advice based on market trends and geopolitical tensions, Strong safe-haven demand and robust industrial buying
- Analyst
- Prashanth Tapse, Senior VP and Research Analyst at Mehta Equities
- Preferred Metal
- Silver
- Expected Silver Breakout
- Above $82
- Expected Silver Target
- $90 to $100 in next one or two months
- Gold Outlook
- Decent neutral-to-positive outlook for this financial year
- Market Focus
- Geopolitical tensions
- Silver Price Surge
- Rs 5,000 to hit fresh peak of Rs 2.56 lakh per kg in Delhi markets
- Gold Price Decline
- Rs 100 to Rs 1,41,400 per 10 grams
- International Silver Price
- USD 78.69 per ounce
- International Gold Price
- USD 4,449.87 per ounce
- Silver Industrial Demand
- Nearly half of global silver consumption
- Silver Supply Deficit
- Potential widening to more than 5,000 tonnes
- India's Silver Imports
- Over 170 million ounces in the first ten months of 2025
- Silver Performance in 2025
- 166.4% increase in India, 161% globally
Sources
Silver or gold: Which bullion should you buy today?
Silver is no longer gold’s poor cousin—and young India is leading the shift
Silver jumps Rs 5,000 to hit fresh peak of Rs 2.56 lakh per kg in Delhi markets
Silver outlook 2026: Why industrial demand and deficits may fuel the next leg of rally
