Silver prices continued their volatile momentum, rising sharply to trade above the $86 mark in global markets, supported by strong investor interest and heightened uncertainty across financial markets. The rally comes amid expectations of softer monetary policy conditions, persistent geopolitical risks, and a weaker US dollar, which have boosted demand for precious metals.
Market participants said silver has been witnessing sharp price swings in recent sessions as investors balance its dual role as a safe-haven asset and an industrial metal. Increased inflows into precious metal-linked investment products and speculative buying further supported prices.
Analysts cautioned that despite the strong upside, silver prices may remain highly volatile in the near term. Future price movement is expected to be influenced by global economic data, interest rate outlooks, currency trends, and movements in gold prices.