Silver strikes gold with $50 breach. This Diwali, white metal ends its 14-year exile to hit a lifetime high

Silver ended its 14-year exile to hit $50 per troy ounce mark on Thursday in the spot markets, three commodity analysts confirmed. Today, silver prices scaled $50.18 per troy ounce which is its lifetime high so far. The previous lifetime high of $49.80 was made in 2011.

The last time silver hit its all-time high was on April 25, 2011, Anuj Gupta, Director at Ya Wealth Global Research, told ETMarkets.

Naveen Mathur, Director - Commodities & Currencies, Anand Rathi Shares and Stock Brokers also confirmed the news.


"Silver extended its historic rally, breaching the $50 mark on Comex for the first time ever AND crossing a lifetime high of Rs 1,50,800 on the MCX. The surge comes amid the ongoing de-dollarization theme, robust industrial demand, and strong momentum in precious metals led by gold’s record-breaking rally CROSSING 4,000$ and holding in last few days," Jateen Trivedi, Vice President, Research Analyst at LKP Securities said.

In the domestic markets, silver has already surpassed Rs 1.5 lakh per kg mark. The December Silver contracts today hit a fresh lifetime high of Rs 1,52,642 per kg at the time of filing the story. They were trading at Rs 1,52,612 around 6:40 pm, gaining Rs 2,757 or 1.84% over the Wednesday closing price.

Silver prices were hovering around $49.55 per troy ounce on the COMEX, up by $0.561 or 1.15%.

The white metal has had a remarkable run in 2025, rallying over 72% or Rs 63,132 per kg. In October, silver has risen nearly 6% gaining by Rs 8,100.

This precious metal has trumped all asset classes including its shinier cousin, gold whose year-to-date returns stand at Rs Rs 46,500 or 60%, Gupta said. Yellow metal has risen over 5% or Rs 5,900 in October so far, he informed.

Gupta recommends a buy on dips strategy at levels around Rs 1,48,000-1,49,000 with a stop loss of Rs 1,42,000 and target price of Rs 1,70,000.

Also Read: Gold jumps 56%, silver 69% but jewellery stocks tumble 36% in 2025. Where is the money flowing?

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)