- By Nidhi Giri
- Wed, 26 Nov 2025 06:29 PM (IST)
- Source:JND
Silver prices could rise further in the coming days as the global silver market faces a new crisis. China's silver reserves have reached their lowest level in a decade, and significant quantities of silver have recently been shipped to London to ease the pressure that has pushed prices to record levels.
Stocks in warehouses linked to the Shanghai Futures Exchange recently hit their lowest level since 2015, while trading volumes on the Shanghai Gold Exchange are at their lowest in more than nine years. The decline comes after China's precious metal exports in October exceeded nearly 660 tonnes, the highest ever, Jagran Business reported.
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What Will Be Impact On Silver Prices?
Anuj Gupta, Head of Commodities at HDFC Securities, said, "This news is positive for silver prices, as the Shanghai Futures Exchange has the lowest inventory in nine years. This means demand has increased but supply is low. We estimate that silver could reach USD 80 to USD 100 in 2026." This means that silver prices could reach Rs 3,14,000 per kilogram.
Silver has had a turbulent year, with prices surging 80 per cent to multiple highs. This surge coincided with a surge in gold prices, and traders also speculated that the Trump administration might impose tariffs on the metal. "If tariffs are imposed on silver, it would choke off silver already in the US," said Daniel Ghaly, commodity strategist at TD Securities.
Reflecting tightness in China, near-term silver prices in Shanghai have risen above those for later-dated contracts. This pattern, called backwardation, indicates short-term pressure. Concerns remain, given low inventories and supply, according to Wu of Jinrui Futures.