- November 14, 2025
- Posted by: EWGFX
- Category: news
On Friday, MCX silver prices traded at ₹1,61,366 per kg, down 5.2% from its all-time high. Comex silver reached record highs, driven by safe-haven demand amid economic uncertainty. Analysts predict MCX silver may rise to ₹1,70,000 per kg in November, supported by firm industrial demand.
On Friday, Multi Commodity Exchange (MCX) was trading at ₹1,61,366 per kilogram, lower than its previous session. MCX silver experienced a significant surge, with December futures rising to ₹1,65,078 per kilogram, while March 2026 contracts reached ₹1,67,319 per kilogram, just shy of historic highs established earlier in 2025. MCX silver is currently down about 5.2% from its all-time high price per kilogram.
On Friday, Silver was trading at $53 per ounce on the global market and was nearing its strongest weekly performance since September 2024, showing an increase of 9.7%, as per reports. Comex silver hit a record high, with the December contract reaching $54.42 per ounce on November 13, 2025, and extending this week’s increase to nearly 12%.
“The sharp rise comes as investors flock to safe-haven assets amid heightened global uncertainty and weakening economic indicators in the United States. The latest boost followed soft US labor data, which strengthened expectations of Federal Reserve rate cuts in the coming months. Lower interest rates typically enhance the appeal of precious metals, and silver has responded with strong upward momentum,” said Rahul Kalantri, VP Commodities, Mehta Equities Ltd.
Supply-side concerns are also adding fuel to the rally as robust seasonal demand from India’s wedding season has tightened physical markets, while reports of possible US tariffs on silver imports have sparked worries of future supply disruptions.
As Comex silver reaches unprecedented highs, investors wonder whether MCX silver is likely to reach or surpass its historical peaks, unless there is an unexpected appreciation of the rupee or government actions affecting the bullion markets.
Analysts expect the silver prices to remain firmly in bullish territory, led by a slew of supportive factors.