Gold And Silver Touch Record Levels As Global Risks Trigger Safe-Haven Buying

At Market commentary show of Business Today on January 14, 2026, a financial market update highlighted a powerful rally in precious metals, particularly silver, which hit record highs amid geopolitical tensions, currency debasement fears, and flight-to-safety demand. Silver surged dramatically, up 16.5% year-to-date and 42% in the past month, with MCX prices jumping over ₹10,000 early in the session. Gold rose more modestly, gaining 5.9% YTD and 7% monthly. Related metal stocks like National Aluminium, Hindalco and Hindustan Zinc showed strong momentum. Commodity expert Vandana Bharti, Head of Commodity Research at SMC Global Securities, attributed silver's explosive performance to persistent supply shortages, critical minerals demand, and high volatility. She advised holding existing positions but exercising extreme caution on fresh trades—preferring corrections for buying, avoiding aggressive derivatives, and considering safer options like SIPs in ETFs. The rally extends to copper, aluminum, and other base metals, fueled by supply constraints and rising industrial needs (AI, renewables). While bullish on upside targets, experts urged caution due to potential sharp corrections in this overheated environment.