Silver price to hit RS 2 Lakh/kg in 3 years? What predict market insiders

Silver Futures on the Multi Commodity Exchange (MCX) hit a new record high on Friday of RS 1.17,250 per kilogram per kilogram, which exercised a powerful rally that has drawn the attention of investors and even the focus of gold.

The increase comes on the back of the robust industrial demand, investment entry and expectations of monetary relaxation by the American Federal Reserve, where analysts project a long -term process that the white metal could see climbing to RS 2.00,000/kg by 2028.

Analysts point out that Silver’s recent momentum was fed by a mix of worldwide signals and domestic factors, including rupees weakness and strong support from the photovoltaic sector in China.

With the prices that are already on schedule for solid monthly profit, experts suggest that Silver’s long -term structural prospects remain super bullish, with investors advised to accumulate on Dips while the market builds up to record levels in the coming years.

Silver prices to scale higher

Manoj Kumar Jain from PrithvifinMart Commodity Research said: “Silver prices are 5 weeks high on international markets and prices are lifelong high on the domestic markets. Strong industrial and investment demand feeds this metal. A rupid weakness and fed -speed expectations are also to support silver prices.” Troy Oune and Rupees 1.30,000 per kilogram by the end of this year is the total long -term trend Super Bullish for silver and the prices are likely to test by the end of 2028 $ 50 by the end of 2026 and $ 65. Stay strong and point out that the silver prices receive great support at $ 35.80 per Troy Oune and RS 1.08,800 in the domestic markets. He proposes investors to accumulate silver on each dip until the prices contain RS 1.08,800 on a weekly closing basis for the long -term objective of RS 2.00,000 at the end of 2028. ”

Following similar optimism, Jigar Trivedi, senior research analyst – Currencies & Commodities at Reliance Securities, Silver said on schedule for healthy monthly profit.

“Silver traded around $ 38.8/oz and was on schedule to win around 6% in August, supported by a weaker dollar and lower treasury yields while investors yielded bets on the federal reserve rate reductions,” he explained.

On the Industrial Front, Trivedi emphasized the importance of the Solar Energy and stated: “On the industrial side, the silver demand was supported by strong data in the Fotovoltaic sector of China. Recent figures showed that the export of the Chinese solar cell in the first half of the year increased by robust, driven, driven by Robuuuuuuuuutreen.”

Looking ahead, he projected the milestones in the coming years: in the short term he sees silver prices up to RS 1.20,000/kg by Diwali 2025, while prices can rise to RS 1.40,000/kg (per summer 2026).

((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)