Silver has emerged as the surprise star of 2025’s commodities market, with prices skyrocketing to ₹1.71 lakh per kilogram, setting an all-time record. The rally comes on the back of soaring global demand, tightening supplies, and renewed investor interest in precious metals amid market uncertainty.
Silver prices surged by more than ₹8,500 in just one session in Delhi, reflecting the momentum that’s building across both retail and institutional markets. Traders attribute the surge to strong physical demand from industries and a rush among investors seeking safe-haven assets as global markets remain volatile.
Beyond investment demand, silver’s industrial relevance has surged. It’s a key component in solar panels, electric vehicles, 5G infrastructure, and semiconductors, sectors driving the clean-energy transition. As manufacturing and renewable energy production accelerate, silver’s importance is expanding far beyond traditional bullion markets.
Analysts note that the global supply of silver is tightening, with mining output unable to keep pace with rising consumption. This has led to record-high premiums in spot markets and growing interest in physical delivery. Meanwhile, silver ETFs and futures are seeing heavy activity, though some investors warn that ETF prices may not fully reflect physical shortages.
Experts predict that if the current trajectory continues, silver could soon challenge gold’s dominance in the Indian retail investment landscape. While gold has long been the metal of choice for savings, silver’s affordability, utility, and rising global demand are reshaping investor behavior.
With silver now trading at historic highs, India, one of the world’s largest consumers of the metal, finds itself at the center of a global commodities story. Whether this surge stabilizes or sparks a longer-term revaluation, one thing is certain: silver’s shine has never been brighter.
