Silver prices weakened after former US President Donald Trump delayed the proposed tariffs on critical minerals, easing near-term supply concerns and triggering profit-taking across global bullion markets. The delay reduced immediate fears of tighter trade restrictions, putting pressure on precious metal prices.
Despite the short-term decline, brokerage firm SAMCO Securities remains bullish on the medium- to long-term outlook for silver. The firm projects that silver prices on the Multi Commodity Exchange of India (MCX) could eventually surge to the ₹4 lakh per kilogram mark, supported by strong industrial demand, supply constraints, and silver’s growing role in clean energy and electronics.
Market participants are also tracking macroeconomic cues, interest rate expectations, and geopolitical developments, which are expected to continue influencing silver price movements in the near term.