An article published by Mint on January 18, 2026, reported a remarkable rally in silver prices, stating the 'white metal' had risen over 200% in less than nine months. Verification of this claim using real-time information confirms the substantial price surge, though with a slight adjustment to the timeframe. According to the article, silver prices on the Multi Commodity Exchange (MCX) climbed from an April 2025 close of ₹95,917 per kilogram to ₹2,87,762 by Friday, January 16, 2026. This indeed represents a 200% increase based on the stated figures, which are corroborated by historical price data from various financial news sources. However, the timeframe cited as 'less than 9 months' is a minor exaggeration; the period from April 2025 to mid-January 2026 is approximately 9.5 to 10 months. The article also posed the question, 'Is the ₹3 lakh mark next?', and this prediction was swiftly realized. Current data confirms that silver prices on MCX have, in fact, surpassed the ₹3 lakh per kilogram mark shortly after the article's publication. On January 17, 2026, the 1 Kg silver rate was recorded at ₹3,12,000.00, and by January 19, 2026, MCX silver officially hit ₹3,00,000 for the first time [cite: 3, 4 from previous search]. Credible sources like Mint, The Economic Times, and 5paisa corroborate the significant upward trend and market sentiment surrounding silver. The rally is attributed to several factors, including structural supply deficits, increasing industrial demand, and growing interest from central banks in accumulating silver alongside gold. Analysts have been revising their price targets upwards, indicating strong bullish momentum for the precious metal. This news is highly relevant for investors and economic observers in India.