Silver Prices to Soar: Citi Predicts $150/Ounce in 3 Months Amidst Strong Rally
Personal Finance
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CNBC Awaaz•28-01-2026, 06:40
Silver Prices to Soar: Citi Predicts $150/Ounce in 3 Months Amidst Strong Rally
- •Citigroup Inc. forecasts spot silver prices could reach $150 per ounce (₹13,730 per ounce) within the next three months.
- •The current rally in silver is expected to continue, potentially pushing one kilogram of silver to ₹4,41,800.
- •Silver has seen record growth, climbing nearly 50% in January alone, marking its strongest start to the year in decades.
- •Strong purchases from China and the need for higher prices to incentivize existing investors to sell are driving factors.
- •Silver is behaving like 'gold squared' or 'gold on steroids,' with its surge impacting the ETF market significantly.
Why It Matters: Citi predicts a significant surge in silver prices to $150/ounce in 3 months due to strong demand and market dynamics.
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