New Delhi, Jan. 11 -- After a blistering 170% rally in MCX silver prices last year-positioning the white metal as the top performer among precious metals and outperforming all major asset classes-domestic brokerage firm Motilal Oswal believes silver still has momentum left to extend its record-breaking run in 2026.

In its latest report, the brokerage noted that a confluence of factors, including geopolitical escalations, global trade tensions, monetary easing, ETF inflows, supply constraints, rising safe-haven demand, and a fall in exchange inventories, were the key drivers behind the massive rally in both gold and silver prices last year.

At the start of 2025, the brokerage had expected gold to reach Rs.84,000 by year-end and silver to...