Silver price today: Rate slips 1.73% from record high of Rs 2,02,000/kg. Check 10g, 100g, 1Kg prices in your city

Why are silver prices rising?

As per the Augmont report, published on December 15, silver prices reached record highs last week, jumping 6 percent, as the FED cut interest rates last week and the Bank of England is expected to cut this week.

"The increase in silver to the Rs 2 lakh level has been fueled by tightening stocks, strong industrial demand, and the metal's inclusion on the US key minerals list."

"Demand has been especially robust in the solar, electric vehicle, and data centre sectors. Strong ETF inflows and retail buying bolstered forecasts of a market deficit next year. At the same time, rising leasing rates and higher borrowing prices for physical silver in London hinted at persistent delivery issues," the report said.

Outlook: Will silver regain momentum this week?

According to Rahul Gupta, Chief Business Officer, Ashika Stock Services, silver is trading steadily after a strong recent run, with prices consolidating amid mixed cues. MCX Silver continues to find buying interest near Rs 1,93,000, while the upside is capped around Rs 2,05,000. A decisive move beyond this resistance could reignite momentum, though near-term consolidation cannot be ruled out.”