Silver can play a critical role in a diversified portfolio. Here's how much it costs per ounce right now.

Silver prices in India experienced a slight increase on January 24, reaching ₹3,401 per 10 grams. This rise follows recent volatility driven by various global economic factors and strong industrial demand.

Silver prices are trading near $95 per ounce, marking the strongest rally in modern history. The metal is now up nearly 230% from early-2025 lows near $28. On January 19, 2026, spot silver hit a record $94.

On MCX, the white metal closed the Thursday session at Rs 3,26,500 per kilogram, which is a gain of 2.51 percent from its previous close. Silver hit a record high of Rs 3,35,521 on January 21.

Spot silver jumped as much as 6.9% to $102.87 an ounce on Friday, taking year-to-date gains beyond 40%, after prices more than doubled in 2025. Gold also rose to a new all-time high, inching closer to the $5,

Silver hit triple-digits, entering what appears to be the terminal phase of an interim blow-off top. Once this phase concludes, a sharp correction of 30%–50% cannot be ruled out.

Silver Prices Today Jan 22 2026: Silver prices weakened on Thursday, retreating from record highs in both domestic and international markets as easing geopolitical tensions prompted investors to book profits in safe-haven assets.

Experts expect silver prices to shift further in 2026 as demand and inflation further impact precious metal prices.