Conspiracy theories abound on the white metal's spectacular rise.
Silver has been on steroids for the last one month.
It has risen 24% from Rs 58,820 in just one month, prompting retailers to offer advance booking to investors before Akshay Tritiya.
Though prices of the white metal have been rising all through the past one year, the frenzy has been visible in the last one month.
Typically, gold and silver move in tandem and the ratio between them is 55.
Essentially, it means how much silver one can buy for the price of an ounce of gold.
The ratio has been narrowing in the last few months as silver has run ahead of gold.
Text: Malini Bhupta, Business Standard
Image: Silver bars are displayed in the Austrian Gold and Silver Separating Plant.