New Delhi, Dec. 27 -- Silver prices have delivered mouth-watering returns this year on strong industrial demand, tight supply, robust inflows in exchange-traded funds (ETFs), US Federal Reserve rate cuts and the expectations of further rate reduction.

International silver prices have surged 158% year-to-date. On the other hand, domestic spot silver prices have soared by nearly Rs.1,45,000 per kg, or almost 170% this year so far.

Strong industrial demand, especially from the sunrise sectors, such as electric vehicles (EV), solar, semiconductors, and data centres, amid tight supply, is the key driver for silver prices. In 2024, global silver demand exceeded the metal's supply for the fourth consecutive year, resulting in a structural mark...