New Delhi, Jan. 20 -- It appears there is no stopping the rally in silver prices at this point, with the metal racing ahead and ending each session at a fresh record high. Its dual role as both a precious and an industrial metal has given silver a slight edge over gold, causing its prices to shine brighter.

After rallying Rs.22,153 per kilogram in Monday's session, the silver March delivery futures contracts strengthened further in Tuesday's trade, January 20, spiking another Rs.17,723 to register a historic peak of Rs.3,27,998, and taking the month-to-date returns to 36%.

The resurfacing of global trade tensions is boosting the demand for both gold and silver, coupled with heightening geopolitical tensions in the European region, which...