Silver prices in touching distance from Rs 2 lakh mark. Can it happen next week?

Silver surged over 2% to ₹1.93 lakh/kg on MCX after the US Fed’s third straight rate cut boosted its already powerful rally driven by strong industrial demand and tight supply. Globally, prices hit a record $63/oz, pushing silver’s gains to 113% this year, supported by robust physical buying and heavy ETF inflows. With futures at all-time highs, investors are now asking whether silver can hit ₹2 lakh/kg before 2026.