News Topical, Digital Desk : Silver prices could rise further in the coming days as the global silver market faces a new crisis. China's silver reserves have reached their lowest level in a decade, and significant quantities of silver have recently been shipped to London to ease the pressure that has pushed prices to record levels.
Stocks in warehouses linked to the Shanghai Futures Exchange recently hit their lowest level since 2015, while trading volumes on the Shanghai Gold Exchange are at their lowest in more than nine years. The decline comes after China's precious metal exports in October exceeded nearly 660 tonnes, the highest ever.
What will be the impact on silver prices?
Anuj Gupta, Head of Commodities at HDFC Securities, said, "This news is positive for silver prices, as the Shanghai Futures Exchange has the lowest inventory in nine years. This means demand has increased but supply is low. We estimate that silver could reach $80 to $100 in 2026." This means that silver prices could reach ₹314,000 per kilogram.
Silver has had a turbulent year, with prices surging 80% to multiple highs. This surge coincided with a surge in gold prices, and traders also speculated that the Trump administration might impose tariffs on the metal. "If tariffs are imposed on silver, it would choke off silver already in the US," said Daniel Ghaly, commodity strategist at TD Securities.
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