Silver Futures Soar 4.18% on MCX Amid US-Venezuela Tensions, Geopolitical Worries
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Moneycontrol•05-01-2026, 13:00
Silver Futures Soar 4.18% on MCX Amid US-Venezuela Tensions, Geopolitical Worries
- •Silver futures on MCX surged 4.18% to Rs 2,46,198/kg, driven by US-Venezuela tensions and safe-haven demand.
- •Spot silver price rose 3.69% daily and 4.19% weekly to $75.34 per ounce.
- •The precious metal's rally is also fueled by optimism for lower interest rates and geopolitical concerns.
- •Silver experienced a 170% surge from January to December 2025, reaching an all-time high of Rs 2,54,174.
- •Analysts predict further appreciation due to ongoing geopolitical tensions and anticipated US rate cuts.
Why It Matters: Geopolitical tensions and rate cut hopes are driving a significant rally in silver prices.
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