Silver rates today: Prices slip 0.5% from all-time high of Rs 207,833 per kg on MCX

The spot price of silver continues to set new records. It is now hovering around its all-time high of just above $66 an ounce as of December 18 (10:14 am IST), up 0.03 percent in a day and 4.2 percent in a week.

The domestic price of silver on the futures market on MCX opened the Thursday session at Rs 2,06,492, and continued to trade sideways at Rs 2,06,411 as of 10:20 am (IST), which is 0.49 percent down from its previous close. The white metal peaked at an all-time high of Rs 2,07,833 on the commodity exchange as recorded on Friday (December 17).

“Silver made history yesterday by closing at a record high, reaffirming that it’s far more than just a runner-up to gold. This move reflects growing confidence in precious metals as part of a well-diversified portfolio.

Investors are no longer viewing silver only through the lens of jewelry or industrial use. Yesterday’s s milestone isn’t just about prices hitting a new high; it signals a broader recognition of silver’s evolving role in portfolios and in the global economy,” said Vijay Kuppa, CEO, InCred Money.