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Silver rate jumps more than 4% on MCX, touches ₹2.8 lakh— Is it the right time to buy the white metal?

Silver prices have &nbsp;gained more than ₹42,000, or 18%, this year so far in the spot market after a stellar gain of over 165% in 2025. Silver benefits from both investment demand and strong industrial usage in sectors such as solar energy, electric vehicles, and electronics.

Mar 10, 2026 &03231010202631; 11:23 UTC www.livemint.com Trending 3/5

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Positive for markets

Sentiment score: +75/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Silver prices surged over 4% on MCX reaching ₹2.8 lakh per kg, driven by strong investment demand and industrial applications in solar, EV, and electronics sectors. The white metal has gained 18% year-to-date and 165% in 2025, reflecting robust momentum across both commodity and industrial demand channels.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Gold Futures

GC=FCommodity

Expected to rise

Silver prices rallying on MCX with strong momentum; precious metals benefiting from safe-haven demand and industrial growth

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Oil (WTI Crude)

CL=FCommodity

Expected to rise

Energy sector strength supporting commodities complex; EV and solar demand driving industrial metal prices

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Euro Stoxx 50

^STOXX50EIndex

Expected to rise

European industrial and renewable energy stocks benefit from strong silver demand in solar and EV sectors

PRICE HISTORY

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⚡ SUGGESTED ACTION

Current pullback or consolidation near ₹2.8 lakh offers tactical entry for medium-term positions; consider accumulating on dips given strong industrial demand fundamentals from renewable energy and EV sectors. Monitor support at ₹2.75 lakh and resistance at ₹2.85 lakh levels.

KEY SIGNALS

Silver up 4%+ on MCX with strong momentum continuation18% YTD gains and 165% annual return indicating sustained bull trendDual demand drivers: investment + industrial applicationsSolar and EV sectors driving structural demand growthPrice touching new highs at ₹2.8 lakh level

SECTORS INVOLVED

Precious MetalsRenewable EnergyElectric VehiclesElectronicsSolar Energy

Analysis generated on Mar 11, 2026 at 03:03 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Livemint. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Silver rate jumps more than 4% on MCX, touches ₹2.8 lakh— Is it the right time to buy the white metal?

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