Silver Rates In India Surge By Rs 11,000 After Rs 8,000 Crash, Beats Gold In 10 Days; Check Weekly Outlook

Silver rates in India recovered previous two consecutive days losses on January 10. 1 kg of silver gained a whopping Rs 11,000 on Saturday, which comes after an Rs 8,000 crash from January 9th to 8th. Now, silver holds around the Rs 2.6 lakh mark. It needs to be noted that in just 10 days of the month of January, silver has continued to outperform gold despite sharp volatility. Will silver hit Rs 3 lakh mark next week? Let's find out!

Silver Rates In India:

On January 10th, 1Kg silver price rallied by Rs 11,000 to Rs 2.60 lakh mark. While 100 grams and 10 grams silver rates climbed by Rs 1,100 and Rs 110 to Rs 26,000 and Rs 2,600 respectively. Further, 8 grams silver gained by Rs 88 to Rs 2,080. The cheapest silver is priced at Rs 260 per 1 gram, which is up by Rs 11 from the previous day.

Silver Price Vs Gold Price

In a span of 10 days, silver rate has rallied by 9.24%, stronger compared to gold who surged by 4% across 24 carats, 22 carats and 18 carats. Silver sees its highest level on January 10.

Silver Price Prediction:

As per Ponmudi R, CEO of Enrich Money, here's how silver will perform next week.

Spot Silver Price Outlook

COMEX Silver has staged a sharp rebound to $79.79 per ounce, extending its recovery within an ascending channel marked by strong momentum and higher lows. Immediate support is seen in the $75-$78 zone, coinciding with recent swing lows and channel support. A sustained breakout above $82 could open the door toward $85-$90, with further upside possible as supply constraints and green-energy-driven demand continue to underpin the broader bull phase. Corrections, if any, are expected to remain shallow and short-lived.

Silver Rates In India Prediction:

MCX Silver has surged to Rs2,52,725 per kg, confirming a decisive breakout from its recent consolidation range and re-entering a strong bullish channel. The sharp advance signals a resumption of the primary up-move. Strong support is placed at Rs2,40,000-Rs2,45,000. A sustained move above Rs2,53,000 could trigger further acceleration toward Rs2,60,000-Rs2,70,000 in the coming weeks.

Structural fundamentals, including persistent supply deficits and rising demand from solar, EV, and electronics sectors, continue to favor aggressive accumulation on pullbacks.

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