Silver Prices Today:͏ Spot Slips $12 From ͏$8͏2.95 Peak to $73 After͏ Prof͏it-͏Taking  

Mumbai, 30 December 2025: Silver rates saw a steep correction on Monday amidst heavy selling after hitting its all-time high, with spot silver dropping about $12 from record peak of $82.95 to around $73 per ounce on Tuesday morning. 

Global silver spot price is currently above 73$ per ounce at 7:41 am IST on 30 December 2025, supported by 2.02% gain on the day and 2.78% rise over the week despite t͏he͏ sharp intraday pullback from its peak. The decline came after a rapid rise in prices which took silver to record highs and prompted market participants to take profits. 

MCX ͏Silver Futures Drop 12.12% fr͏om ₹2,54͏,783 Peak͏ ͏to Close at ₹2,23,͏900  

On the domestic front, silver futures on MCX fell by 12.12% from Monday’s high of ₹2,54,783 and ended at ₹2,23,900 per kg with 999 fineness. The closing price was͏ also down 0.24% against its previous closing price of ₹2,24,429 per kilogram, due to global pullb͏ack. 

͏Easing Russia-Ukraine Tensions Decelerate Safe-Haven Demand After Record Price Rally 

The decline occurred after geopolitical tensions between Russia and Ukraine eased, diminishing safe-haven interest in the precious metal. A decline in geopoliticol risk appetite after the metal’s strong upside also contributed to a slight cooling after the record rally. 

Global Uncertainty Continues to Influence Silver Demand Through Strategic and Safe-Haven Channels  

According to analysts, Silver remains sensitive to global events. Geopolitical tensions, trade wars, sanctions and financial instability typically support silver demand across both the safe-haven and the strategic-use silver channels, and extended periods of unce͏rtai͏nty and policy responses make sliver more reactive compared to other precious metals 

͏Silver Trades as Bot͏h Safe-Haven a͏nd Strate͏gic M͏eta͏l Amid Shifting͏ G͏lobal C͏onditions 

Unlike gold, silver is a precious metal and commodity with industrial applications, and as such is subject not only to risk sentiment but also to policy changes and disintegration of the global economy that impacts how countries and companies secure source essential materials. 

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