The gobal silver price is at the peak.The global silver market is heating up again,the price has sky rocket and reached at an all time high.
According to market experts at MK Wealth Management, silver prices may climb by nearly 20% from current levels as global supply shortages and industrial demand accelerate.
Silver Supply Shortage
The biggest factor driving silver’s expected rise is a sharp supply deficit.As per the news reports both industrial and investment sectors continues to surge, while mining output has remained largely stagnant.
In India, several asset management firms have even temporarily suspended new lump-sum investments in silver ETFs, citing limited availability of silver for fund operations.
Silver Prices in India
The silver price per kilogram currently hovers around ₹195,000, depending on regional markets like Delhi, Mumbai, Chennai, and Hyderabad.
The market analysts are saying that the price can increase further if the rupee weakens or if global spot rates climb as projected.