Silver Prices Hit Lifetime High on MCX Amid Global Uncertainty

Silver prices recorded a strong rally on the Multi Commodity Exchange (MCX), touching a new lifetime high during the trading session. The March 2026 silver contract jumped sharply as investors shifted towards precious metals amid heightened global uncertainty.

Prices surged to ₹2,63,996 per kg before paring gains later in the session. The move reflects increased risk aversion across global markets.

Silver Prices Touch Fresh Lifetime High On MCX

During the session, the March 2026 silver contract on MCX climbed to an intraday high of ₹2,63,996 per kg. The contract later settled at ₹2,62,092 per kg, still registering a substantial daily rise.

The gain of ₹9,367 per kg marked a 3.71% increase over the previous close. The sharp rise placed silver at its highest recorded level on the domestic commodities exchange.

Weekly Performance Supported by Global Developments

Silver extended its strength beyond the daily session, posting gains of over 7.00% during the previous week. Market participants attributed the rally to escalating tensions in the Middle East and growing political instability in Venezuela.

Renewed pressure on the U.S. Federal Reserve over future monetary policy decisions also contributed to risk‑off sentiment. These global factors increased demand for precious metals as defensive assets.

Safe‑Haven Demand Boosts Precious Metals

Cooling inflation indicators and expectations of a prolonged interest rate pause have improved the appeal of safe‑haven assets. Investors have increasingly turned towards precious metals as uncertainty persists across global financial markets.

Silver benefited from this shift in sentiment, supported by its role as a hedge during volatile periods. The environment of geopolitical risk and monetary policy uncertainty provided consistent upward momentum to prices.

Industrial Demand and Market Positioning

Apart from safe‑haven demand, silver continues to find support from its industrial usage across electronics, solar energy, and manufacturing sectors. This dual role as both an industrial metal and a store of value has contributed to sustained interest.

Fluctuations in global risk sentiment and central bank commentary could influence near‑term price action. The recent rally highlights silver’s sensitivity to shifts in global economic conditions.

Read More: Oil Prices Hold Steady on Jan 12, Amid Geopolitical Tension in Iran and Venezuela Supply Hopes.

Conclusion

Silver prices reached a new lifetime high on MCX, driven by strong safe‑haven demand amid global uncertainties. The sharp daily and weekly gains underline increased investor interest in precious metals.

Support from both geopolitical factors and industrial demand strengthened the price momentum. Volatility is expected to remain elevated as markets react to global developments.

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.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.