MCX Silver Futures Hit Record Highs; Silver ETFs Register Broad Gains on Jan 14, 2026

Silver prices advanced sharply in recent trading, with futures contracts on the Multi Commodity Exchange of India reaching new record levels across near and deferred expiries. 

The rally followed the release of softer-than-expected US inflation data, which increased expectations of future interest rate cuts by the Federal Reserve.

The upward move was also reflected across silver exchange traded funds.

MCX Silver Futures Move Higher

Silver futures on the Multi Commodity Exchange recorded strong gains, with the benchmark contract rising around 3% to a new high per kilogram. 

Deferred contracts for May and July expiries also advanced by a similar margin, each reaching fresh lifetime highs during the session.

The move indicates sustained buying interest in silver derivatives.

US Inflation Data Influences Sentiment

Market sentiment towards precious metals was supported by recent US inflation data. Core consumer price inflation in the United States increased at a slower pace than expected on both monthly and annual measures. 

This has strengthened expectations that the US Federal Reserve could consider interest rate reductions in coming months, which typically supports demand for non-yielding assets such as silver.

Silver ETFs Reflect Price Momentum

Silver-focused exchange traded funds recorded notable gains in line with the rise in underlying metal prices. 

Several ETFs tracking silver posted increases ranging between 3% and 5%, with many touching new highs for their units. 

The broad-based rise across ETF products reflected increased investor participation in silver-linked instruments.

Investor Interest In Precious Metals

The combined movement in futures and ETF markets suggests continued interest in silver as part of broader precious metal allocations. 

Price momentum has attracted both institutional and retail investors seeking exposure to commodities amid evolving global economic conditions.

Read More: Gold and Silver Prices Today, January 14, 2026: Check Rates in Chennai, Bangalore, Hyderabad and Kolkata.

Conclusion

The recent rise in silver prices and related investment products reflects market response to softer US inflation data and expectations around monetary policy. Ongoing developments in global economic indicators and central bank actions are likely to remain important drivers for silver market trends in the near term.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.