MCX Silver futures prices (Monday, 03:04PM) soared to an unprecedented Rs 1,15,136 per kg in futures trading, fueled by robust global cues and a weakening US dollar. Simultaneously, gold futures also experienced gains, climbing to Rs 98,138 per 10 grams amid strong spot market demand.
- MCX Silver Weekly Outlook: Where to Buy and What to Watch For [Monday 14, July 2025]
- Bitcoin crosses $121,000-mark for the first time: What’s driving the rally?
- Gold price pulls back before the next leg north (14 July 2025)
- Travel Food Services Share Price: Muted market debut, stock lists at 2% premium over IPO price
- Smartworks Coworking IPO subscribed 1.2x on Day 2
Hey there! If you’ve been keeping an eye on the commodity market, you might’ve noticed something exciting – silver prices just hit a new all-time high! On Monday, silver futures on the Multi Commodity Exchange (MCX) reached an incredible Rs 1,15,136 per kilogram for September delivery contracts. That’s a big deal!
By early trading, the price settled slightly at Rs 1,15,136 per kg, still up by Rs 2,016 or about 1.80%. There was a lot of action too, with 22,695 lots traded. Even the December delivery contracts joined the party, climbing to Rs 1,17,5 per kg, a rise of Rs 2,080 or 1.90%.
Globally, silver’s doing just as well, trading at $39.115 per ounce in New York, up by 1.90%. So, what’s driving this shiny surge? According to Neal Bhai (Commodity Guru), it’s a mix of things: global trade tensions, a weaker US dollar, and growing uncertainty worldwide. Silver’s a go-to for investors because it’s both a safe-haven asset (like gold) and widely used in industries, making it super appealing right now.
Gold’s Not Far Behind
Gold’s also making waves in the market. On the MCX, August delivery gold contracts went up by Rs 320, or 0.33%, reaching Rs 98,138 per 10 grams, with 12,393 lots traded. In New York, gold futures rose by 0.09% to $3,358.72 per ounce. The demand in the spot market is keeping traders busy building new positions.
Spot Silver (XAG/USD)
- Silver break above the June high at 3730/40 was a buy signal & the weekly close above here was confirmation, initially targeting 3775/85.
Well, what a reaction!! – Silver shot higher to 3853. - I can only hope that silver is now building upside momentum after several long periods of consolidation.
- From May 2024 to June 2025, silver was trapped in a wide and volatile channel which was very difficult to trade.
- After just 5 days breaking out above the channel in early June, Silver then consolidated for another 5 full weeks in a frustratingly narrow 100 Pip Range.
- Of course its entirely possible that silver just establishes another new range, but I’m trying to be optimistic and hope that this is the beginning of the acceleration of the bull trend.
- A realistic short term target now would be 4120/4140, if you want to try to run a long position and if you’re not already in the position you could try buying a break above last week’s high at 3853.
- It is difficult to know where to put the stop loss order, but I could suggest below 3820.
- I think it’s unlikely that we will revisit the previous high around 3730.
But if we did see that level this week it should be a good buying opportunity with a stop loss below 3710.
Why This Matters to You
Whether you’re an investor or just curious about what’s happening in the markets, this spike in silver and gold prices is worth noting. It reflects what’s going on globally – from economic shifts to geopolitical changes. For me, it’s fascinating to see how these metals play such a big role in both finance and industry.
So, what do you think? Are you keeping tabs on silver or gold? Let me know what’s on your mind!
Note: This is my personal take based on market observations. Always do your own research before trading, and consider consulting a financial advisor.
