Silver Prices Touch Record Levels, Break $90 Mark Globally
Silver Hits Record High, Crosses $90 per Ounce in Global Markets: Silver prices hit a new record high in global markets as the spot price crossed $90 per ounce for the first time. According to Reuters, silver jumped over 4.6% to reach $90.95 per ounce.
Weak inflation data in the US drove the rally. The data strengthened expectations that the US Federal Reserve may cut interest rates. Strong industrial and investment demand, falling inventories, and rising geopolitical tensions also supported silver prices. So far this year, silver has gained 28% in global markets. In the US, retail inflation rose 2.6% year-on-year and 0.2% month-on-month in December 2025.
Geopolitical Tensions Boost Demand:
Geopolitical risks added to silver’s strength. Unrest in Iran and the ongoing Russia-Ukraine war increased global uncertainty. US President Donald Trump imposed a 25% tariff on countries doing business with Iran. He also said the US may consider military action against Iran following anti-government protests.
Earlier, Trump suggested that the US could buy or seize Greenland, prompting Denmark to warn of military action to defend the territory. Before this, the US also attacked Venezuela and detained President Nicolás Maduro and his wife, further raising global tensions.
Silver Prices Rise in Domestic Market:
Silver prices also climbed sharply in the domestic market. On January 14, silver futures for March delivery on the MCX rose 4.6% to hit ₹287,990 per kilogram.
In Delhi’s bullion market, silver prices jumped ₹6,000 on January 13, reaching a record high of ₹271,000 per kilogram. So far in 2026, silver prices in India have risen by ₹32,000, marking a gain of 13.4%.
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