According to Vedanta Group, the rise in silver prices may continue.
Arun Mishra, CEO of Hindustan Zinc Limited (HZL), a Vedanta Group company, has said that the price of silver may remain stable at around $ 55 per troy ounce till December this year. He said that due to instability in global trade and lack of confidence in other investment options, investors are increasingly turning to safe assets. This company is one of the top primary producers of silver globally and is the largest producer of silver in the country. Let us also tell you what the country’s largest silver company has estimated.
What will be the price by the end of the year?
Mishra told that I had estimated the price of silver to be $ 46 per ounce by January, but that level has been crossed and now it is estimated that by December its price may remain between 50 to 55 dollars per ounce and at this level it may remain stable for a long time. Mishra said that due to turmoil in global trade and lack of stability in other means of investment, people are getting attracted towards precious metals as well as base metals for investment. He further said that the rising prices of metals like zinc also reflect people’s confidence in these assets.
Why is the demand for silver increasing?
Other reasons for the sharp rise in the price of silver are certainly its low supply and the continued focus on solar energy across the world. Mishra explained that as far as the use of renewable energy is concerned, it is not decreasing. In fact, it is increasing… China is converting its vast desert areas to solar energy production, not only for renewable energy production, but also to prevent desertification. Therefore, more solar energy means more solar panel manufacturing, which will also increase silver consumption.
What is the production of the company?
The company produced 687 metric tons of silver in fiscal year 2025 and 293 metric tons of silver in the first half of the current financial year. Motilal Oswal Financial Services Ltd (MOFSL) has said India will import 3,000 tonnes of silver by the third quarter of 2025, reflecting strong demand despite high prices. The reason for this rise in silver is not only the demand from investors, but also the industrial use in solar energy, EV vehicles and AI hardware, due to which there is continuous loss in the market. According to experts, the gold-silver ratio has come down from 110 at the beginning of this year to around 81-82, which is a big indicator of the strength of silver.