Silver Prices Breaking Barriers: Will the White Metal Stop at Rs 1.5 Lakh/kg Next?
These days only one thing is being discussed everywhere – silver prices breaking barriers. In the last few months, the silver race has surprised everyone. In February 2025, where silver was around Rs 97,000/kg, today it has reached Rs 1,25,000/kg on MCX. The question is whether this race will now reach Rs 1.5 lakh/kg?
Silver Prices Breaking Barriers and the Story of the Rally
This year, the journey of silver is like a blockbuster movie. The gradual increase in the price from Rs 97,000 to Rs 1,25,000/kg has given new hopes to investors. Analysts are saying that the next natural target of this rally can now be Rs 1,50,000/kg.
But this rally is not just due to safe-haven demand. In today’s time, the role of silver has become more important as an industrial metal. The demand for silver is continuously increasing in sectors like solar panels, EV batteries, 5G networks and medical devices.
Status of Industrial Metal
Earlier people considered silver as a secure investment, but now the picture has changed. The global transition towards renewable energy and electric vehicles has put silver on a new pedestal. Silver is important in every solar panel, every EV battery and every 5G tower.
The importance of this trend was understood even more when in August 2025, the US government included silver in its Critical Minerals List. This is an official recognition that modern technology cannot function without silver.
Lack of supply is also a big factor
Along with demand, there is another thing that is pushing up the prices of silver – supply shortage. For the last four years, demand has been more than supply. A deficit of 148.9 million ounces was recorded in 2024, and a shortage of 117.6 million ounces is being projected for 2025 as well.
SAMCO Securities analyst Jahol Prajapati said that he had given the target of Rs 1,17,000/kg for silver in February 2025 itself when the price was Rs 97,000. Today silver has reached much above that to Rs 1,25,000/kg. According to him, the next logical target is Rs 1,50,000/kg, which is supported by the ground reality of demand and supply.
Long-Term Silver Prices Outlook
If we talk about long-term, experts are looking even more bullish. Manoj Kumar Jain of Prithivifinmart Commodity Research says that silver can reach $50 by the end of 2026 and $65/oz by 2028. In INR terms, this means that Rs 1,60,000/kg is possible in 2026 and Rs 2,00,000/kg by 2028.
Jigar Trivedi of Reliance Securities also supports this optimism. According to his analysis, silver was trading at $38.8/oz in August 2025 itself and was recording a monthly gain of 6%. They say that silver can easily reach Rs 1,40,000/kg by the summer of 2026.
Will Silver Truly Reach Rs 1.5 Lakh/kg?
If we look at it, all the factors are in favour of silver. On one hand, its use in industries is increasing, on the other hand supply is getting tight. When demand is consistently above supply, it is natural for prices to go up.
Of course, short-term volatility always occurs in commodities, but the structural drivers of silver are so strong that the level of Rs 1.5 lakh/kg seems absolutely reachable. For investors in India, silver is both an inflation hedge and a futuristic investment that goes hand in hand with the technology and renewable energy boom.
Conclusion
Silver prices breaking barriers is not a simple market story but part of a larger global shift. After Rs 1,25,000/kg, the next big question is – will it cross Rs 1.5 lakh/kg? Experts say the chances are strong and behind this rally are strong factors such as demand-supply gap, industrial growth and global recognition.
Silver’s shine is no longer limited to just jewelry or safe-havens; it has become an industrial superstar that will serve as the backbone for future technologies.
Disclaimer:
This article is for informational purpose only. Always consult your financial advisor before taking investment decisions, as commodity markets always come with risk and volatility.
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