New Delhi, April 26 -- Silver price has seen strong gains in the last two months, jumping over 16 percent, maintaining its position above the Rs.80,000 per kg mark in the spot market.

Silver prices were around Rs.69,000-odd levels in the last week of February; they are trading near the Rs.81,000-odd levels now.

The recent rise in silver prices could be attributed to various factors, including geopolitical tensions, global economic uncertainty, rate-cut hopes and industrial demand.

"The increase in silver prices can be attributed to global concerns, including geopolitical tensions such as the Israel-Iran conflict and the Russia-Ukraine war, expectations of a US Federal Reserve interest rate cut, and rising industrial demand amid growing...