Silver Price Rally: Silver showed a strong rally during the festive season. Its level on MCX has reached Rs 1,70,415 per kg. Reached $ 54.46 an ounce in the US. Experts estimate that if this pace continues then the rate may even cross Rs 2 lakh.
Silver Historical Trends: Even after Diwali, silver is also in the spotlight. This time, apart from gold, traders, jewelers and investors have set their sights on silver. Today, on October 22, the price of silver is Rs 1,62,000. On October 20, the price of silver in the US market reached $ 54.46 per ounce, while on India’s MCX it touched 1,70,415 per kg. In such a situation, the question is arising whether the rate of silver will cross Rs 2 lakh or will it come down? Let us understand from historical trends…
Why is silver becoming expensive?
According to experts, the demand for silver in Indian homes naturally increases on the occasion of Diwali. But this time the reason behind the rally that is being seen is not just the festival. The real factor is FOMO (Fear of Missing Out). In such a situation the rates are continuously increasing…
Silver prices from 1980 to 2025
Silver’s story has always been full of drama, speculation and emotions. In the late 1970s, American brothers Nelson and William Hunt tried to corner the silver market. They controlled the supply by purchasing not only contracts, but also physical silver. Due to which the prices increased from $6 to $48 per ounce in 1980. But the US government and COMEX intervened and imposed new rules. After this, silver prices fell and it was recorded in history as ‘Silver Thursday’. In 2011, silver reached a high of almost 1980 and its price became $49.83 an ounce. But within a few months the price fell to $26 and over the next few years to $13.75. This shows that parabolic rallies often don’t end well.
What will be the price of silver in 2025?
Now in 2025, silver crossed the psychological level of $50 and reached $54.46. However, there was a 7% correction in Friday’s session but it closed above $50, which is a crucial level for bullish investors. MCX Silver is also following this rally in India. Prices reached Rs 1,70,415, then corrected to Rs 1,53,700, today it is at Rs 1,62,000.
silver rate rise chart
MCX Silver is in a continuous bullish trend since June 2025. Heikin Ashi weekly candles show that there were no bearish candles in the last two weeks. Its lowest rate is Rs 1,37,408, which is panic level for bulls. Talking about trading volume, it was the highest in the last two weeks, which is equal to the high volume of 2020. In US COMEX, $45 an ounce level is a make or break position. According to experts, if silver remains above this level, it can go up to $60, which has the possibility of reaching Rs 2 lakh per kg on MCX.
Disclaimer: This article has been written for information purposes only. The information given here is not investment advice. Always consult your financial advisor or expert before investing money in silver or any other metal or investment.
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