Silver prices surge to ₹2.13 lakh/kg, analysts predict rally to ₹3 lakh by 2026
Silver has hit an all-time high of ₹2,13,412 per kg, marking a 138% year-to-date increase, significantly outperforming gold. This surge is driven by tight supply, strong investment demand, and its critical role in green energy and AI technology. Experts anticipate prices could climb to ₹3 lakhs per kg by 2026 due to growing industrial demand and impending export restrictions from China.
Silver prices have shattered records, soaring to an all-time high of nearly ₹2.13 lakh per kilogram, marking an astonishing 138% increase this year alone. This remarkable surge significantly outpaces gold's impressive gains and is fueled by a perfect storm of factors, including escalating industrial demand, dwindling supply, and robust investment interest. Experts are now forecasting that silver could climb to ₹3 lakh per kilogram by 2026.
The precious metal's ascent is closely tied to its critical role as a "next-generation metal" in cutting-edge technologies. Demand from green energy sectors, particularly solar panels and electric vehicles (EVs), is booming. Similarly, silver is indispensable in the rapidly expanding artificial intelligence (AI) industry, data centers, and various digital transformation initiatives. This industrial appetite is a major driver, with manufacturers even stockpiling in anticipation of future supply chain disruptions.
Adding to the bullish outlook are expectations of a weaker US dollar and potential interest rate cuts by the US Federal Reserve. A softer dollar typically makes dollar-denominated commodities like silver more attractive to international buyers. Geopolitical tensions also bolster silver's allure as a safe-haven asset, drawing in significant investment. Moreover, dwindling global inventories, now at decade lows, underscore the tightening physical supply.
Looking ahead, analysts point to upcoming restrictions from China, a major silver producer, on exports starting in 2026 as a significant catalyst for further price appreciation. This potential scarcity, combined with the metal's status as a critical mineral, reinforces predictions of continued upward momentum. While the market acknowledges that such spectacular rallies can face corrections, the fundamental drivers suggest that silver’s shine is far from fading, with its embedded role in future technologies ensuring sustained demand.
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