Silver prices have surged, with MCX silver jumping significantly in December and showing substantial gains over eight months. Analysts anticipate further price increases in 2026. This trend is driven by a persistent global supply deficit, now in its seventh year, projected to continue through 2025. Silver's industrial uses, particularly in solar panel manufacturing, alongside rising investment demand in physical forms and ETFs, are boosting its appeal. Its inclusion on the US critical minerals list further supports positive market sentiment.