Silver’s Explosive Rally Tops $83 Before Pullback

Silver bars and coins skyrocketed past $83/oz on December 29—up 147% YTD—fueled by industrial demand from solar panels and supply shortages in London markets, pushing Indian 1kg rates to ₹224,000. A sharp 4.5% correction followed to $75.62/oz as traders booked profits, with MCX silver settling at ₹223,900/kg after falling ₹4,000 from peaks. This volatility highlights silver’s dual role as industrial metal and inflation hedge, making coins ideal for diversified portfolios.