Silver Price Today (Dec 1): MCX futures Rs 2 shy of unprecedented Rs 1.83 lakh mark—10 things to know

Silver Rate Today (December 1, 2025): Domestic silver futures raced to all-time highs tracking global rates on Monday. On MCX, the March 5 contract surged by as much as Rs 8,017 -- or 4.6 per cent -- to a record Rs 1,82,998 mark in the evening session on the commodity derivative bourse. The December 5 contract gained by as much as Rs 6,862 -- or 4.0 per cent -- to Rs 1,78,499. According to analysts, a global rally in the white metal in anticipation of improving long-term demand prospects, hopes of monetary easing in the US and other major markets globally, and weakness in the dollar, lowering the opportunity cost of holding non‑yielding metals -- aided the silver rates.

Silver Price Today (December 1) | Here are 10 things to know about the latest silver rates:

• At 11:25 pm, the March 5 and December 1 contracts were up around 3.5 per cent each at Rs 1,81,406 and Rs 1,77,199, respectively.
• Silver futures on MCX mirrored a global rally that most analysts attributed to macroeconomic cues, supply constraints and safe-haven demand.
• Internationally, COMEX silver surged to an unprecedented $59.43 per ounce, on the back of growing expectations of Fed rate cuts, softer macroeconomic indicators and dovish commentary from US central bank officials, according to foreign media reports.
• These expectations pushed the US dollar lower, with a weaker greenback reducing the opportunity cost of holding non-yielding metals.
• The dollar index -- which measures the US currency against six peers other than the rupee -- fell about half a per cent to 98.96 at its intraday low.
• Most analysts cited pointed to a structural supply deficit in the global silver market.

• Reportedly tighter physical supplies helped amplify the price spike as available stocks struggled to keep up with sustained industrial and investor demand.
• Additionally, strong industrial demand, particularly from solar PV manufacturing, EVs and advanced electronics continued to aid long-term demand for silver as an industrial necessity rather than just a precious metal.
• Safe-haven buying kicked in amid bouts of global risk aversion and volatility in equities and currencies.
• The combination of Fed-rate-cut bets, a weaker dollar, structural supply tightness and surging green-metal demand created a perfect setup for the rally.