Silver Price Prediction: Experts Forecast ₹1.17 lakh/kg within a Year

In an exceptional forecast by industry experts, the price of silver, widely known as white metal, could escalate to a staggering ₹1.17 lakh per kilogram within a year. The white metal, which has traditionally stayed in the shadow of its pricier counterpart gold, is readying itself to bask in its own substantial market attention.

Economic analysts believe that this price hike is driven by several factors. Silver, a key element in numerous industries, has seen its demand skyrocket as global economies recover from the knock-on effects of the Covid-19 pandemic. Additionally, silver, like gold, benefits from its status as a safe haven during periods of economic uncertainty.

This information is not just critical for potential investors, but also for policy makers and industry leaders, who will need to strategise in light of these predictions. While it may take time for the full implications of this price hike to become clear, it is evident that the silver market is entering a new, uncharted terrain. Read More