Silver rate jumps more than 4% on MCX, touches ₹2.8 lakh— Is it the right time to buy the white metal?
Analysis of this story by livemint_markets · 10 Mar 2026, 4:53 PM IST (about 2 months ago)
AI Analysis
The auto sector, particularly EVs, and the renewable energy sector (solar) are significant industrial consumers of silver. Increased demand from these growing sectors provides a fundamental tailwind for silver prices.
Trading Insight
Monitor auto and renewable energy sector growth for sustained silver demand; consider long positions in silver and related mining stocks with a stop-loss below recent support levels.
Quick check: MARUTI bearish bias (+2.9% 1d), TATAMOTORS bearish bias (+3.7% 1d).
Key Evidence
- •Silver prices have gained more than ₹42,000, or 18%, this year so far in the spot market.
- •Silver saw a stellar gain of over 165% in 2025.
- •Silver benefits from both investment demand and strong industrial usage.
- •Key industrial usage sectors include solar energy, electric vehicles, and electronics.
- •Risk flag: Sharp corrections in global commodity prices
Sources and updates
Original source: livemint_markets
Published: 10 Mar 2026, 4:53 PM IST
Last updated on Anadi News: 10 Mar 2026, 5:42 PM IST
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