Silver reaches record Rs 2,81,802 per kg as analysts eye 3-lakh target.
📈 Precious Metals Update
Silver prices reached a **new lifetime high** on the Multi Commodity Exchange (MCX). This rally significantly outpaced gold, driven by a **softer-than-expected US inflation report** which fueled expectations for an upcoming interest rate cut by the Federal Reserve.
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Global market sentiment, ongoing **geopolitical tensions**, and positive **technical momentum** are collectively keeping precious metals in sharp focus. Analysts anticipate continued **volatility** and advise monitoring key **support levels** in the near term.