Other Markets - Bullion Markets
Silver blazes past $120 as momentum accelerates As on : 29-Jan-26  12:49

Silver surged to fresh record highs above $120 per ounce on Thursday, extending a blistering rally of over 70% as investors flocked to safe-haven assets amid mounting economic and geopolitical uncertainty. Escalating global trade tensions triggered by US President Donald Trump's tariff measures have reignited risk aversion, injecting fresh momentum into the broader precious metals complex. Beyond short-term crisis-driven flows, silver's rally has been underpinned by a powerful blend of structural and cyclical forces ' persistent geopolitical risks, expectations of lower global interest rates, sustained central bank demand, currency instability, supply constraints, and rapidly expanding industrial usage. Remarkably, silver has already delivered more than half of its 2025 gains within just the opening month of 2026, highlighting the intensity of the current upswing. In domestic markets, the metal shattered long-standing psychological barriers, soaring past Rs 400,000 per kg ' a level scarcely imaginable few months ago. With upbeat fundamentals and investor enthusiasm running high, silver's surge appears less like a fleeting spike and more like the early stages of a sustained structural uptrend. As both safe-haven demand and industrial appetite converge, the metal's trajectory into the rest of 2026 increasingly points toward further uncharted territory.

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