Silver hits record high above $49; Up ₹6k on MCX

International silver prices soared over 4% to above $49 per ounce in Monday?s Asia session, marking a fresh all-time high as investors rushed to safety amid renewed US-China trade tensions and global political instability. MCX December silver futures jumped nearly ₹6000 to ₹152322 per kg, tracking the global uptrend. The rally came after President Trump threatened new 100% tariffs on Chinese goods, although he later hinted at possible talks with President Xi. Escalating geopolitical risks from the US government shutdown, unrest in France, and Japan?s leadership uncertainty further fueled the metal?s appeal, while expectations of additional US rate cuts added to bullish momentum.

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