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Will Silver Price Hit 10 Lakh Per Kg? Examining the Claim's Validity
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Silver Price Shock: Could it Hit 10 Lakhs Per KG by 2026? Experts Weigh In
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News18
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20-02-2026, 17:57
Silver Price Shock: Could it Hit 10 Lakhs Per KG by 2026? Experts Weigh In
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Bank of America strategist Michael Widmer predicts silver could reach 10 lakh rupees per kilogram in India by 2026 under a 'high case' scenario.
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Current market prices show a slight decline, with silver at approximately 2.45 lakh rupees per kilogram.
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Key drivers for potential price surge include supply shortage, increased industrial demand from solar panels and EVs, and large investor interest.
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The 10 lakh price point is calculated based on silver reaching $309 per ounce globally, plus import duties, GST, and making charges.
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This is an 'extreme' estimate; other scenarios predict prices of 4.40 lakh (base case) and 6.50 lakh (mid case) per kilogram.
Read Full Article on News18 in Marathi
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