MCX Silver price once again crossed the ₹2 lakh per kg level on the MCX after taking a short breather in early trade today. The sharp rise has created excitement among traders and investors.
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According to market experts, the upward trend may continue if global demand stays strong and economic uncertainties support safe-haven buying. However, they also warn that volatility may remain high in the coming days.
Global Interest Rate
Analysts believe that factors like global interest rate expectations, industrial demand, and currency movement will play a big role in defining the next move in silver prices.
Silver prices on the Multi Commodity Exchange (MCX) surged past the psychologically crucial Rs 2 lakh per kg mark on Friday, after briefly taking a breather below this level during the initial part of the trading session. The March 2026 silver futures contract, which had slipped to Rs 1,97,637 amid early profit-booking, later rebounded strongly to cross Rs 2,00,000, reflecting sustained bullish sentiment.
The move follows silver’s record high of Rs 1,99,220 on the MCX in Thursday’s session, underscoring the metal’s recent momentum. Analysts maintain that silver remains on track to test higher levels, supported by firm global cues, robust industrial demand, and a weak rupee.
Industrial Demand
“MCX Silver continues to outperform gold in both global and domestic markets”, and added that the rally was backed by a “strong trend acceleration driven by industrial demand and broader dollar softness.”
“Silver hit another record and is edging toward $65/oz,” while also pointing out that strong global fundamentals and a weaker rupee “will keep domestic bullion prices elevated.”
MCX Silver Expected Trade
MCX silver is expected to trade between Rs 2,01,500 and Rs 2,05,500 in the near term, suggesting the Rs 2 lakh level remains a key pivot point.
The firm advised waiting for “some corrective dips for initiating fresh long positions in gold and silver and also suggest for strictly avoiding short selling in both precious metals.”
As silver now crossed the Rs 2 lakh milestone, market observers believe this could be setting the stage for the next leg of the rally, especially if support levels hold and fresh buying emerges.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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