Bank of America's Michael Widmer Predicts Silver at ₹10 Lakh/kg by 2026: Is This 'Silver as Gold' Forecast Credible?
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Silver to hit 10 lakh per kg? BofA strategist predicts historic surge by 2026
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News18•20-02-2026, 16:38
Silver to hit 10 lakh per kg? BofA strategist predicts historic surge by 2026
•Bank of America (BofA) commodity strategist Michael Widmer predicts silver prices could reach 10 lakh rupees per kilogram by 2026 in a 'high case' scenario.
•Current market prices show 24-carat gold at approximately 1.54 lakh rupees per 10 grams and silver at 2.45 lakh rupees per kilogram.
•Key drivers for the potential surge include supply shortages, increasing use in new technologies like solar panels and EVs, and potential large investor interest.
•The 10 lakh price point is calculated based on silver reaching $309 per ounce globally, plus import duties, GST, and making charges in India.
•This 10 lakh estimate is an 'extreme' high case; other scenarios predict prices up to 4.40 lakh (base case) and 6.50 lakh (mid case) per kg.
