Silver Rockets Five Percent Higher in Massive Recovery Rally

India Demand Surge

Physical market reports from India indicate a massive surge in local prices, with retail rates jumping by ₹15,000 per kg overnight. This physical buying frenzy is rippling through to the global futures market, tightening available inventory.

Technical Reversal

Technicians note that silver successfully defended its 200-day moving average, triggering algorithmic buy signals that accelerated the move back above $80.00.