Silver Price Update – Silver prices across the country have shattered all previous records. Silver is now selling at its highest price ever in Indian history, leaving customers sweating. According to a report, silver has given a return of up to 144 per cent in India’sMulti-Commodity Exchange between December 2024 and December 2025. This means the price of silver has increased from Rs 85,146 to Rs 2,08,062 per kilogram.

The situation is similar in the international market. At the beginning of 2025, silver was trading at approximately $30 per ounce. Now it has crossed $69 per ounce. This means the price of silver has more than doubled in a year. The uncontrolled rise in silver prices has brought back memories of 1980. In 1980, silver prices surged, but demand also increased significantly. You can learn more about this below.

Sharp Rise in Silver Rates

On the COMEX platform of the New York Mercantile Exchange, silver was trading at around $30 in January. During the summer season, it was seen in the range of $37 to $40. After September, a sharp surge was recorded. In the last three months of the year, silver rates increased at the fastest pace.

This has resulted in a gain of more than 110 per cent so far. Often, in a bull market, gold outperforms silver. Now the scenario is completely reversed. The price of silver has increased by more than 100 per cent, while gold prices have seen an increase of approximately 60 per cent.

The first such surge was seen in 1980

Looking at the history of silver, there was a time when silver became more expensive than expected. That time was January 1980, when silver broke all records. The American billionaire brothers Nelson Bunker Hunt and William Hunt attempted to corner the silver market. The Hunt brothers bought up approximately one-third of the world’s silver supply.

This caused the price to surge from $6 to $49 per ounce. The Hunt brothers believed that rising inflation would lead to a decline in currency value and a continuous increase in silver prices. With this belief, they bought massive amounts of silver, even taking out loans to purchase futures contracts. However, when US regulators intervened and imposed restrictions on new futures contracts on margin, the entire scheme backfired.

The price plummeted by 50 per cent.t

Then, on March 27, 1980, the Hunt brothers failed to meet their margin calls. Following this, brokers began a massive sell-off of silver. As a result, the price of silver dropped by more than 5 per cent in a single day. The Hunt brothers suffered billions of dollars in losses and were forced into bankruptcy, and thousands of investors were ruined. After this incident, silver came to be known as the “devil’s metal. Now, nearly four decades later, silver has once again made history.

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