COMEX Silver futures explored fresh record highs as trading started after Christmas holiday. Sentiments were extremely upbeat as the rally above $70 per ounce mark extended amid excellent safe haven demand and weak US dollar index. Bullion futures soared after the US launched powerful strikes against Islamic State in Nigeria. COMEX Silver futures are trading at $75.21 per ounce, up 5% on the day. The metal has scaled up around 31% this month. There is a sustained drawdown in Shanghai Futures Exchange or SHFE silver inventories. The latest data showed that stocks in Shanghai and Guangdong were at 4600 tonnes as on 19 December 2025, down from 4679 tonnes in previous week. Inventories stood around 4980 tonnes one month ago. MCX Silver futures have zoomed well above Rs 200000 per kg and are trading at Rs 232743 per kg, up 4% on the day.

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