Silver Prices Soar: Geopolitical Tensions Trigger Tsunami-like Surge, Experts Warn of Volatility
Money
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News18•05-01-2026, 21:46
Silver Prices Soar: Geopolitical Tensions Trigger Tsunami-like Surge, Experts Warn of Volatility
- •Global commodity markets saw massive upheaval, with silver prices surging due to escalating America-Venezuela tensions and fear of a 'supply shock'.
- •COMEX silver rose ~6% to over $75/ounce, while MCX silver in India jumped 13,500 rupees/kg in a day, reaching 2,49,900 rupees/kg.
- •The sudden surge is driven by fears of global supply chain disruption from key silver suppliers like Peru and Chad, leading to higher prices.
- •Experts indicate a bull trend, potentially reaching $78/ounce, but warn of intense profit-booking and a swift correction.
- •Consumers face higher costs for physical silver; investors are advised caution due to high risk and potential for late-entry losses.
Why It Matters: Silver prices surged due to geopolitical tensions, creating a bull market with high volatility and risk.
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