Silver prices surged to an all-time high in India on Thursday (October 16), with MCX December 2025 contracts trading at ₹1.64 lakh per kilogram. The metal gained 1.33%, from the previous close, reflecting a combination of domestic investment interest and global market dynamics.

Globally, spot silver was relatively flat at $53.07 per ounce, after touching an all-time high of $53.60 an ounce earlier this week. The rally has been supported by gold’s upward momentum and a short squeeze in the spot market, highlighting tight physical availability.

Pune-based financial mentor Kirang Gandhi noted, “When silver goes out of stock and even paying a premium can’t get you an ounce, it’s not a metal shortage — it’s a mindset shortage. Smart investors accumulate value in silence, not in hype.”

Long

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