Key Highlights
- Silver prices extended their blistering rally on Friday, with MCX silver futures jumping nearly 4% to hit a fresh all-time high of ₹3,39,927 per kilogram.
- The sharp move was supported by a weaker US dollar, escalating geopolitical tensions, and renewed concerns around the independence of the US Federal Reserve, all of which boosted safe-haven demand for precious metals.
- In the international market, silver climbed 2.5% to $98.60 per ounce, inching closer to the psychologically important $100 level.
- Market sentiment has been shaped by a mix of geopolitical and macroeconomic developments.
- While US President Donald Trump recently softened earlier warnings about imposing trade tariffs on European nations, a separate agreement aimed at easing tensions over Greenland included the deployment of US missiles, the granting of mining rights, and a stronger NATO security presence on the island.
