Silver Rises Over 6% To $75.968 ͏After͏ US-Venezuela Conflict, MCX ͏Hits ₹2,49,900 ͏Per Kg͏ 

Mumbai, 5 January 2026͏: Silver prices surged on Monday as geopolitical tensions escalated following the US military intervention in Venezuela, triggering the white metal into strong safe-haven demand in global as well as Indian markets. 

Silver prices today opened͏ with a sharp ͏upside gap in the international market and reached an ͏intraday high of 75.968 dollars per ounce, with an intraday gain of about 6% compared to the previous close. The rise in price was on the back of heightened demand for silver as a safe haven amid concerns over possible interruptions in global supplies. 

COMEX Silver Rises Nearly 6% to $75.968 Per Ounce as ͏Safe-Haven ͏Demand Surges͏  

The rise in silver prices followed reports of heightened geopolitical risk in the aftermath of US military activity in Venezuela. The escalation sparked safe haven purchases in precious metals, particularly silver, as investors responded to uncertainty surrounding global stability, according to market experts. 

Analysts say the conflict has raised concerns about potential supply disruptions from Peru and Chad, two of the world’s largest silver producers. Expectation of limited supplies from the two regions, to a sudden tightening perception in the silver market, which drove prices higher on global exchanges 

MCX ͏Silver ͏Jumps ͏₹13,͏500͏ ͏To ₹2,49,900 Per Kg as Global Price͏ Shock͏ Transmits to͏ Domestic Market 

Mirroring the global rally, silver prices on Multi Commodity Exchange (MCX) in Indi͏a opened with a steep upside gap and reached an intraday high of ₹2,49,900 per kg, up by around ₹13,500 from Friday’s close of ₹2,36,316 pe͏r kg. 

The international market had a major influence on the demand-supply situation in the domestic market, showing the impact of global price fluctuation on Indian commodities trade. The sharp intraday ris͏e marked one of the mos͏t significant single-session moves in prices of silver on͏ ͏the domestic exchange  

͏US Confirms Capture of Venezuelan ͏President Nicolas Maduro ͏ 

The surge in prices followed a substantial geopolitical event that solidified over the weekend. The US conducted a massive military raid on Venezuela on Saturday morning and seized President Nicolas Maduro, according to US President Donald Trump.  

The statement caused global market reactions, especially in commodities viewed as geopolitical hedges, including͏ silver. 

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