Silver Prices May Rise Due to US-Venezuela Tensions
US-Venezuela tensions may trigger silver price rise
Silver prices could go up soon because of problems between the US and Venezuela. This might affect how much silver is available, making prices rise.
What's Happening with Silver Prices
Silver prices rose by ₹443 per kilo on Friday, ending at ₹2.36 lakh. Experts think this could be the start of a big increase in prices.
The US attacked Venezuela, which could lead to less silver being available. This is a problem because silver is already in short supply. In 2025, silver prices on the MCX went up by 170% because of this shortage.
How US-Venezuela Tensions Affect Silver
The US attack on Venezuela could disrupt how silver is transported. Countries like Peru and Chad, which are big silver suppliers, might have trouble getting their silver to other countries because they have to go through areas near Venezuela.
This could make the shortage of silver even worse, causing prices to go up. An expert named Anuj Gupta thinks that because of this, silver prices on the COMEX might reach $78 per ounce, and on the MCX, they might reach ₹245,000 per kg.
Silver Price Predictions
Another expert, Ponmudi R, said that MCX silver futures went up to around ₹236,316 per kg last week. He thinks the price will keep going up because the supply of silver is tight.
Ponmudi also said that if silver prices stay above ₹240,000, they could quickly go up to ₹250,000-₹260,000.
Why Silver Prices Went Up in 2025
In 2025, silver had its best year since 1979, with prices going up by 170%. This happened because silver is considered a critical mineral, there's a shortage of supply, and demand from industries and investors is increasing.
Industrial Demand for Silver
Silver is used a lot in industries, especially in making solar panels. At the same time, more people are investing in silver, which is making its price go up.
What's Next for Silver Prices
Looking ahead, it seems like silver prices will keep going up because of the shortage and increasing demand. As tensions between the US and Venezuela continue, it's likely that silver prices will be affected, possibly leading to another big increase in the near future.
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