Silver prices hit a major psychological milestone on Friday as MCX March futures briefly crossed the Rs 2 lakh mark before cooling off slightly. At 3:54 pm, silver was trading at Rs 1,99,238 after touching an intraday high of Rs 2,00,362.

The precious metal has been on a strong upward streak over the past month, supported by a softer US dollar, falling global interest rates, and renewed buying in industrial commodities.

Domestic prices have now climbed more than 13% in nearly four weeks .

WHY SILVER IS RALLYING

Analysts attribute the surge to two key forces: global monetary easing and rising industrial demand. With the US Federal Reserve cutting rates again, investors are shifting toward non-yielding assets like precious metals. A weaker dollar has added momentum, making silver more

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