Thinking of investing in silver but wondering if now’s the right time? Silver is stealing the spotlight in 2025, hitting an all time high of Rs 1,06,138 per kilogram on the Multi Commodity Exchange (MCX) last week, emerging as one of the top-performing commodities.The upward trajectory of this precious metal was helped by a potent combination of safe-haven buying, global supply constraints, and strong industrial demand, particularly from the fast-expanding clean energy and electronics sectors.The latest surge follows months of heightened geopolitical tensions, especially the ongoing Russia-Ukraine conflict, and an accelerating global shift towards green technologies, both of which have strengthened silver’s appeal as both a strategic asset and a critical industrial input.Industry experts also suggested that this rally is far from over, as the white metal is expected to reach as high as Rs 1,23,000/kg in the upcoming months.Blockbuster comebackThe precious metal was stuck in a decade-long downtrend after hitting its peak in 2011, finally ending the streak in 2020 after undergoing a structural reversal in 2020. Since March 2020, silver has made a powerful comeback, rising substantially, first aided with gold’s rally and then supported by its own fundamentals.The metal holds a unique dual role—as both an industrial input and a precious asset—allowing it to benefit from economic uncertainty as well as ongoing technological advancements. Adding to this are geopolitical concerns, with Russia, one of the world’s top ten silver producers, embroiled in an ongoing conflict, fuelling fears of a potential supply crunch.The metal has also gained on a safe-haven demand, driven by weakening dollar, trade tensions and Fed’s cautious stance on interest rates.Will silver continue the rally?Technical chart patterns point to a multi-year surge for the metal, further reinforcing the forecast of an upward momentum. Analysts also suggest that it could continue to be ahead of other precious metals for the remaining year.
Here is what analysts had to say:
Anand Rathi Shares and Stock BrokersNaveen Mathur, director of commodities and currencies at the agency, expected the metal to continue its upward momentum, offering a return of almost 18% to 20% as compared to the current levels. In the long term, he said that the metal may continue rising in the range of $38.70–$41.50 per oz internationally, translating to Rs 1,15,000–Rs 1,23,000/kg in MCX futures during 2025.“Silver prices hit lifetime highs above Rs 1,05,000 in MCX futures while prices reached almost 13-year highs in international markets above $36/oz in spot. The safe-haven demand persisted due to the Russia-Ukraine front and softening US macro cues. Russia, a top 10 global silver producer, adds supply disruption risks in a market already running a deficit for five years,” he said, quoted by ET.Rich Dad Poor Dad authorRobert Kiyosaki, a well known financial educator also reiterated his long-standing bullish stance on silver in a public post on his X account. He shared that the precious white metal continues to be the “best bargain today,” expecting it to double in value, touching $70/oz this year. This target suggests a massive surge from the present global market prices.LKP SecuritiesJateen Trivedi, VP research analyst, commodity & currency at LKP Securities, said that silver has undergone a structural shift since its 2020 lows, fuelled by safe-haven buying, rising geopolitical tensions, and strong industrial demand from clean energy sectors.He pointed out that silver prices have jumped nearly 60% over the past two years, climbing from Rs 87,000 to Rs 1,04,500 in 2025 alone.“With continued volatility in global markets and robust demand from sectors like solar and EVs, silver remains poised to test Rs 1,10,000–Rs 1,20,000 this year. The outlook stays bullish, favoring a buy-on-dips strategy,” Trivedi added.Reliance securitiesJigar Trivedi, senior research analyst, currencies & commodities at Reliance Securities,that with prices already above Rs 1 lakh/kg, the MCX silver is poised to reach to Rs 1,10,000/kg in a month. Comex silver may also appreciate to $36–$37/oz.“Amid escalating geopolitical tensions and trade uncertainties, both gold and silver have surged, but silver is emerging as a strong contender. Silver, buoyed by industrial demand from EVs and solar, offers higher growth potential despite greater volatility.”“The outlook is positive, and a diversified allocation of 6–8% in gold and 12–15% in silver is advisable,” he added.Overall outlookThe outlook for silver remains positive, supported by strong institutional interest, long-term supply constraints, and favourable technical signals. As it continues to gain ground in both investment and industrial sectors, the metal is well-positioned for further appreciation through the rest of the year.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
