Silver rate today falls 6% on MCX; still headed for the best year ever with 157% surge

Silver prices fell on Wednesday, December 31, the last trading day of 2025, but remained on track for a record annual gain of nearly 160%.

On the MCX, silver opened nearly 6% lower at ₹2,35,952 per kg, while February gold futures slipped 0.75% to ₹1,35,644 per 10 grams.

Precious metals saw sharp volatility this month as prices hit record highs before easing due to profit booking after a strong rally.

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Silver slips on profit booking, but set for strongest annual rally on record

Other precious metals also came under pressure. Despite the pullback, platinum remained set for its best-ever annual gain, up 135% so far in 2025.

Despite the short-term correction, silver’s broader uptrend remains intact. The metal has gained around 157% year-to-date, significantly outperforming gold and marking its best annual rally ever.

This has reinforced the view that the rally has been underpinned by physical supply constraints rather than speculative excess.

Motilal Oswal Financial Services said silver’s rally reflects strong fundamentals, citing genuine scarcity in the physical market. The brokerage noted that sustained industrial and investment demand has played a key role in pushing prices higher.

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