New Delhi, Dec. 26 -- Silver has delivered dazzling returns in 2025, soaring over 150% so far this year, completely eclipsing the returns of equities and most other asset classes. International silver prices have soared 158% year-to-date. In comparison, gold has surged nearly 72% in the same period. Domestic spot silver prices have jumped 156% this year, compared with an 80% gain in spot gold.

On Friday, December 26, MCX gold February futures rose nearly 1% to a fresh record high of Rs.1,39,216 per 10 grams, while MCX silver March contracts surged 4% to a record high of Rs.2,32,741 per kg.

A confluence of factors acted in favour of silver prices this year. let's take a look:

Silver is witnessing strong industrial demand, especially fro...