Silver rate today, Dec. 29 -- Extending the rally for the fifth straight session, spot silver rates today touched a new peak of $84 per ounce in the spot market. In the future market, the silver price today reached a new lifetime high of $82.615 per troy ounce. However, the precious white metal failed to sustain its higher levels and witnessed an over 8% drop in prices in both the futures and spot markets.

In the physical retail market, the silver rate today in Delhi for 10 gm coins is Rs.2,402. Silver rate today in Delhi for 100 gm coin is Rs.24,017, whereas silver rate today in Delhi for 1 kg bar is Rs.2,40,170 (source: bullions.co.in).

MCX Silver extended its sharp advance to Rs.2,40,935 per kg, registering a steep rise of nearly Rs....