A tale of divergent fortunes unfolded in precious metals trading: silver achieved a historic milestone by reaching a new all-time high, contrasting sharply with gold’s modest decline that provided some price relief.
Silver’s performance was the market’s undisputed highlight. Global benchmarks soared 2.4% to $35.28/oz, obliterating prior records. In Mumbai’s bullion hubs, prices reached ₹92,600 per kilogram, drawing crowds of investors and industrialists alike.
Gold encountered mild selling pressure from dollar strength and reduced short-covering. Prices settled at ₹75,180/10g domestically and $2,647 internationally—a 0.6% drop that tempered recent gains.
Behind silver’s explosive move lies a perfect storm of factors: chronic supply deficits projected at 200 million ounces over five years, explosive demand from clean energy transitions, and burgeoning retail investment via digital platforms.
Institutional flows tell the story too—silver ETFs recorded their largest weekly inflow since 2021, signaling conviction among big players. Meanwhile, gold benefits from unmatched liquidity and central bank diversification strategies.
Technical charts favor continuation for silver, with bullish flag patterns pointing to higher levels. Gold’s RSI suggests oversold conditions, priming it for a rebound.
For consumers planning jewelry or investment purchases, today’s gold dip presents an entry window, while silver’s trajectory tempts aggressive positioning. Stay tuned as Fed commentary and trade data shape the weeks ahead.