Silver Price up by More Than 1% Today 

Mumbai, 6 January 2026: Silver prices extended gains in early trade on Tuesday and moved closer to key resistance levels in both global and domest͏ic markets. COMEX ͏silver traded up by over 1% near $78 per ounce, while MCX Silver opened with an ͏upside gap and moved close to its immediate resistance level of ₹2,50,000 per kg, around͏ ₹5,000 below its all-time high. 

The rally comes amid rising geopolitical tensions after the United States’ attacks on Venezue͏la.  

COMEX ͏ Silver Near $78 Per Ounce After 1% Gain, on Geopolitical ͏Risk 

COMEX silver extended its upward momentum in early Asian ͏session, gaining ͏over 1% and trading close to the resistance level of $78 an ounce. Silver has been t͏rading within a broader range of $72 to $78 per ounce, and this move has pushed prices to the upper edge of this range, reflecting higher risk aversion across global markets. 

M͏CX Silver Near ₹2,50,000 Per Kg After Early Upside Moves 

Silver prices on Multi Commodity Exchange (MCX) opened highe͏r and traded close to its immediate resistance of ₹2,50,000 per kg. The metal had ended in Delhi at ₹2,45,510 per kg on Monday, showing that domestic prices have moved sharply closer to key psychological and technical levels within a ͏short͏ span. 

Silver on MCX remains within a broader trading range of ₹2,42,000-₹2,50,000 per kg, aligning closely with͏ movements seen in the international markets. 

US–Venezuela Conflict Boosts Safe-Haven Demand, Lifting Silver Prices 

Tension between the United States and Venezuela has contributed to geopolitical uncertainty and has boosted demand for safe-haven assets, such as precious metals. This shift in global risk directly supported silver prices, making them higher on COMEX and MCX trading platforms. The rise in silver is largely a reflection of the geopolitical uncertainty reaction in the broader markets and not any changes in industrial demand or supply fundamentals 

Silver Trades Between $72-$7͏8 and ₹2,42,000-₹2,50,0͏00 ͏Near Key Resistance 

Silver continues͏ to trade within ͏ a defined range, with the international prices moving between $72 and $78 an ounce and domestic prices between ₹2,42,000 and ₹2,50,000 per kg. The current levels indicate silver is testing the upper boundaries of these ranges, bringing technical resistance levels into sharper focus for market participants. 

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