Silver's Value Driver
Silver's recent rise, exceeding Rs 276,000 on the Multi Commodity Exchange (MCX), shows the market reacting to more than just geopolitical headlines. Though eased US-Iran tensions have lessened the immediate "war premium" for safe-haven assets, silver's value is supported by its significant industrial use. Unlike gold, primarily valued for its monetary role, silver is essential for the energy transition and advanced manufacturing. This dual nature means silver often moves more sharply with global economic sentiment than gold.
