Silver price today: Silver prices fell by ₹525 on Tuesday, settling at ₹1,06,562 per kilogram. On the Multi Commodity Exchange, July delivery contracts slipped by 0.49% or ₹525 to ₹1,06,562 per kg, with a trading volume of 21,551 lots.
Analysts noted that silver prices were primarily pressured by investors selling at current market levels.
On Monday, June 9, Silver futures of the July contract surged by more than 1.43%, reaching a record high of ₹1,07,073 per kilogram before settling at ₹1,06,965 per kilogram.
“ Comex Silver has surged to their highest levels in over a decade, driven by a confluence of economic, industrial, and geopolitical factors. Weakened U.S. Dollar and anticipated interest rate cuts. Robust industrial demand. Supply constraints and market deficit. Geopolitical uncertainties and safe-haven appeal. Investor diversification and portfolio re balancing are all catalyst for the rally. There is an optimistic view about silver’s prospects, with prices to reach ₹1.20 lakh/kg per in India,” said Jigar Trivedi, Senior Analyst, Reliance Securities.
According to Motilal Oswal report, Silver has witnessed sharp volatility in 2025, registering an impressive year-to-date (YTD) upside of approximately 15 per cent. The rise in prices is largely driven by heightened geo-political tensions across the globe, particularly in the Middle East and Eastern Europe, which have pushed investors toward traditional safe haven assets.
Is it the right time to invest in silver?
According to NS Ramaswamy, Head of Commodities, Ventura, upside momentum in silver price is strong with traders casting their eyes on $38 to $40.
On the domestic front prices are likely to reach ₹1,20.000 this year 2025 (Upside of 11%-12%), after testing the strong resistances at ₹1,08,000 and ₹1,12,000 per kg, Ramaswamy added.
“ In the near term, investing and taking a long position (Buy) is recommended at the present Rs.106530 for a first target of Rs.108000. Downside consolidation is seen at Rs.101000 – Rs.103000. Silver remains supported by inflation, safe-haven demand, and policy uncertainty despite gold’s recent correction,” he said.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
