Silver Prices Show Mixed Trends in Global and Domestic Markets

Global Spot Price Gains

Silver began the second week of January 2026 on a firm footing in international markets. On January 8, the spot price of silver stood at $77.17 per ounce as of 7:55 am IST. This represented a modest 0.15% gain from its previous close, but more significantly, a 6.13% increase over the past week. The steady rise highlights renewed investor interest in the precious white metal, which continues to serve as both a safe‑haven asset and an industrial commodity.

The weekly surge reflects broader market sentiment, with silver benefiting from global economic uncertainties, demand for precious metals, and its critical role in electronics and renewable energy applications.

Domestic Futures See Correction

In contrast to the global spot market, domestic futures prices of silver on the Multi Commodity Exchange (MCX) showed a slight decline. On January 8, silver futures of 999 purity closed at ₹2,42,631 per kilogram, down 0.28% from the previous close of ₹2,43,324.

This dip followed a sharp rally earlier in the month, when silver futures peaked at ₹2,59,692 per kilogram on January 7, 2025. The correction suggests profit‑taking by traders after the recent highs, reflecting short‑term volatility in domestic trading patterns.

Market Context and Outlook

The divergence between global spot prices and domestic futures underscores the complex dynamics influencing silver markets. While international prices are buoyed by safe‑haven demand and industrial usage, domestic futures remain sensitive to local liquidity conditions, currency fluctuations, and investor sentiment.

Analysts note that silver’s dual role—as a precious metal akin to gold and as an industrial input for electronics, solar panels, and semiconductors—makes it particularly volatile. The recent rally in global prices suggests strong medium‑term demand, but domestic corrections highlight the importance of cautious trading strategies.

Looking ahead, silver is expected to remain a key barometer of both global economic uncertainty and industrial growth trends, with investors closely tracking its movements across spot and futures markets.