Silver rate today, Dec. 17 -- Silver prices soared to fresh all-time highs on Wednesday, December 17, rising over 4% on the MCX and extending a breakout rally that has captured global market attention. The surge comes as weaker US labour data reignited expectations of Federal Reserve interest-rate cuts, weakening the dollar and boosting demand for precious metals.

Around 9:20 am, MCX silver jumped 3.38% to Rs.2,04,445 per kg, touching a lifetime high. In contrast, MCX gold (February) slipped 0.21% to Rs.1,34,129 per 10 grams, indicating a divergence between the two precious metals.

Globally, spot silver surged 2.8% to a record $65.63 an ounce, marking the first time it has crossed the $65 threshold. Spot gold edged 0.4% higher to $4,321...