In the context of increasing anticipations surrounding a potential easing of the Federal Reserve’s interest rate policy, silver has ascended to a peak not witnessed in 14 years. Silver attained a peak not observed in fourteen years within the global marketplace, surging past the $43.5 threshold. The peak valuation that MCX silver has reached historically stands at Rs 1,32,250.

The heightened investor demand can be attributed to anticipations surrounding a potential further reduction in interest rates by the US Federal Reserve. The persistent upward trajectory was underpinned by robust economic fundamentals coupled with a constrained supply environment. Prices were bolstered by robust consumer demand across the solar, electric vehicle, and electronics sectors.

The valuation of silver has ascended to a remarkable peak of nearly $43.5, marking the zenith of its price trajectory over the past fourteen years. Concurrently, the market on the MCX has witnessed an unprecedented surge, reaching an all-time high of Rs 1,32,250. The anticipation surrounding the United States Federal Reserve’s potential for additional rate reductions served as the primary catalyst for the observed increase. The uptick transpired following the previous week’s eagerly awaited 25 basis point cut, marking the inaugural adjustment since December.

Market participants are closely monitoring forthcoming communications from the Federal Reserve, alongside the anticipated publication of a pivotal inflation report in the United States, as they seek guidance on prospective interest rate adjustments. The upward trajectory was bolstered by robust fundamentals, including constrained supply, while elevated industrial demand from sectors such as solar energy, electric vehicles, and electronics contributed further momentum to the appreciation of silver prices.