Silver is absolutely **on fire** right now! 🔥
As of today (January 29, 2026), the global spot price of silver has surged into triple-digit territory, hovering around **$117–118 per ounce** (with recent highs touching near $119–120 in some sessions). That's up roughly 1% today alone, and an insane **~270–275% gain** compared to this time last year. Gold's at record levels too (~$5,500+), but silver's outpacing it with that classic "catch-up" volatility—its industrial demand (solar, EVs, electronics) + safe-haven appeal is creating rocket fuel.
Here in India, it's even wilder: Silver has just **smashed through ₹4 lakh per kg** for the first time ever (spot/local rates around ₹4,00,000–₹4,10,000/kg in major cities, with MCX futures pushing even higher toward ₹4.2 lakh). That's a mind-blowing jump—up ₹30,000/kg recently in some reports, delivering massive returns for holders in just weeks/months.
What’s driving this lunar shot?
- Massive safe-haven flows amid global uncertainty (geopolitics, Fed policy vibes).
- Explosive industrial use—think green energy boom.
- Supply tightness + momentum traders piling in.
Is this the new normal for silver, or are we due for a sharp pullback? History says precious metals love these parabolic runs... but they also love corrections. Either way, silver isn't "poor man's gold" anymore—it's rewriting the script in 2026.
What do you think—stacking more, taking profits, or just watching the fireworks? 💰🪙
#Silver #PreciousMetals #SilverSqueeze #Investing #CommodityMarkets