Silver prices in the domestic market have reached lifetime highs due to various factors such as safe-haven demand, escalating geopolitical tensions, hopes of US interest rate cuts, speculative buying, and a sharp rally in industrial metals. In the MCX futures platform, prices have reached an all-time high of Rs 84,515/kg, gaining about 12% in the last two weeks. There has been a similar rise in silver prices in overseas platforms. The rise in prices can be attributed to the unique industrial properties of silver. Key industrial metals like Copper, Aluminium, Zinc, and Lead have seen significant price increases, prompting speculators to bet largely on silver. The ongoing bullish rally in gold has also positively influenced silver prices. Historically, silver and gold have been influenced by similar market conditions, often leading to similar price movements, with silver prices often following the trends of gold prices. However, the price performance of silver has been different from gold in recent years, with silver being influenced by both investment and industrial demand, leading to additional volatility compared to gold. Expectations of a US rate cut, geopolitical tensions, and inflation concerns are expected to drive momentum-driven buying, keeping prices firm. However, it is less likely for silver prices to register fresh lifetime highs in the key international market. China plays a crucial role in the global silver market, with the country’s growth in industries such as electronics, solar energy, and manufacturing contributing to the demand for the commodity. However, the recent downbeat economic releases and rising debt highlight the long-term pressure on China’s economy and the demand for silver. Overall, silver prices are expected to remain strong in the immediate run, driven by the bullish rally in gold and various catalysts, but may not reach fresh lifetime highs in international markets.