Silver prices, Dec. 13 -- In a year dominated by commodities, silver has emerged as the standout performer, surging an impressive 120% year-to-date (YTD). The rally propelled prices past the Rs.200,000 mark for the first time in the domestic market on Friday and put silver on track for its best annual performance since 1979 - a 46-year milestone.

This, however, is unlikely to mark the end of silver's golden run as analysts expect the prices to scale the Rs.240,000-250,000 target in the next year - another 25% rise - underpinned by genuine supply constraints rather than transient speculative excess.

Harshal Dasani, Business Head, INVAsset PMS, said that silver's bull run signals a structural revaluation in a market driven by physical sca...