<h1>Silver prices surge to record highs amid sustained buying, tightening inventories, and strong industrial demand.</h1> Silver prices in Delhi reached a record Rs 2,07,600 per kilogram after sustained trader buying, extending a year-to-date rise that more than doubled prices since January 1, 2025; the surge is attributed to strong retail and industrial demand, tightening inventories, a multi-year supply deficit, and macroeconomic sentiment tied to prospective interest rate cuts and geopolitical risk.