Silver Hits Record High but Closes Lower: Volatility Marks the Month

Silver on MCX touched a record high of ₹1,70,415 per kg, marking its lifetime peak. However, despite this remarkable rally, it closed at ₹1,56,604, showing signs of profit booking after a sharp rise. The monthly low was ₹1,41,961, highlighting a wide trading range driven by global market volatility. The surge was supported by strong industrial demand, especially from the EV and solar sectors, and safe-haven buying amid global uncertainties. Analysts note that while silver’s long-term outlook remains positive, short-term corrections are part of its natural consolidation after such a massive run-up. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes ***** must verify information before investing and consider their financial position & risk profile.