Silver prices saw a significant rally, increasing by ₹443 per kilo on Friday to settle at ₹2.36 lakh. This surge is attributed to escalating US-Venezuela tensions, which experts predict could disrupt global silver supply routes, particularly impacting exports from Peru and Chad. The potential for a supply shortage, coupled with an existing deficit, is expected to drive prices higher in the near term, with forecasts suggesting COMEX silver could reach $78 per ounce and MCX silver ₹245,000 per kg.