Till now people used to consider gold as a better option to invest in gold and silver, but now it is not because Silver has given more returns than gold in the last 6 months. In such a situation, the demand for silver has increased. At the same time, those who traded in silver believe that in the coming days, more silver will increase than gold and its price can touch the sky. Today we are telling you in detail about how much the price of silver can increase in the coming days.
So much is 1 kg silver price
Silver has crossed the mark of Rs 1,14,000 per kg for the first time in Indian markets. Due to global and domestic reasons, now experts believe that silver can go up to Rs 1,40,000 per kg in the near future and can also touch the level of 2,00,000 per kg by 2026.
The price of 1 kg silver can be so much
Reneeha Chanani, the research head of Ogent, says that it would not be wrong to think that silver can again go around Rs 1,20,000 per kg in the near future and reach Rs 2,00,000 per kg by 2026. The rapid industrial demand, favorable economic conditions and continuous interest of investors are the biggest reasons behind this. He believes that silver consumption for making jewelery and utensils in India, especially during the festive season, will remain strong.
Silver boom due to many reasons
This year silver has so far recorded an increase of more than 30% and has reached the highest level of 14 years in the international markets. For the first time since September 2011, silver has reached above $ 39 per troy ounces, which has broken the old resistance levels. According to Manoj Kumar Jain of Prithvifinmart Commodity Research, the dual role of silver is a major reason for its strong demand. There has been a difference in the demand and supply of silver for the last four-five years and according to some reports, this shortage can be more than 700 million ounces by 2025.
Demand increased due to green energy and investment
The biggest reason for the boom in silver is to increase industrial demand, especially due to the growing trends from traditional fuels to green energy. The use of silver in solar panels, electric vehicles and electronics is increasing rapidly. Due to increasing silver consumption and high gold prices in green technology, people have increased the trend towards silver jewelery, which has supported its prices.
Apart from this, investment in silver has also increased as a means of prevention of inflation. This is the reason that silver ETFs (exchange traded funds) are also becoming popular in India and ETF holding in the country has recently reached 1,200 MT. Global conditions such as geopolitical stress and uncertainty about America’s trade policies have also promoted silver demand. Investors are adopting silver as an alternative to traditional investment due to the US dollar weakness, trade tariffs and slow American economy.
Possibility of Rs 2 lakh per kg by 2026
Silver in the international market is currently trading above $ 39 per troy ounces. Experts believe that it may continue to rise and prices may soon reach $ 42 per ounce. In the Indian market, it means about Rs 1,20,000 per kg. According to Manoj Kumar Jain of Prithvifinmart, silver may soon touch the level of Rs 1,20,000 per kg depending on technical signals, although there may be a slight stability around $ 42 per ounce.
If you look at the long term, the picture looks even more positive. Experts believe that by March 2026, silver can go up to $ 50 per ounce (Rs 1,40,000 per kg), by the end of 2029 prices can reach $ 6570 per ounce i.e. Rs 1,80,0002,00,000 per kg.
Reneeha Chanani also believes that domestic consumption will be strong during festivals and silver can cross Rs 1,20,000 per kg in the near future due to industrial demand, positive economic environment and investors’ interest and can reach Rs 2,00,000 per kg by 2026.