Silver Breaking Barriers: ₹1,50,000/kg Looks Attainable

Back in February 2025, we highlighted silver as a high-potential trade when prices hovered near ₹97,000/kg, with a target of ₹1,17,000. That milestone has now been achieved, as silver futures on MCX recently surged past ₹1,25,000/kg, aligning with strong global momentum. Looking ahead, the charts point to the next potential target at ₹1,50,000/kg—a level supported by powerful structural drivers.

Structural Drivers Behind Silver’s Rally

1. Beyond Safe-Haven Demand
   Silver is no longer just a precious metal hedge. It is increasingly being recognized as an industrial powerhouse, central to emerging technologies.
   
   
   • Solar panels
     
     
   • EV batteries
     
     
   • 5G networks
     
     
   • Medical devices
     
     
2. In August 2025, the US officially added silver to its Critical Minerals List, underscoring its strategic importance in the clean energy and tech-driven future.
   
   
3. Strengthening Institutional Flows
   
   
   • Saudi Arabia’s central bank recently allocated capital to silver ETFs, adding to the growing pool of institutional interest.
     
     
   • Russia had already been accumulating silver, reinforcing its role as a store of both industrial and financial value.
     
     
4. Persistent Supply Deficits
   Silver’s demand has outpaced supply for four consecutive years.
   
   
   • 2024 recorded a 148.9 million-ounce deficit.
     
     
   • 2025 is projected to face another 117.6 million-ounce shortfall.
     
     
5. With limited new mine development and rising global consumption, structural deficits appear here to stay.
   
   

Investor Takeaway

Silver’s breakout beyond ₹1,25,000 is more than a short-term rally—it reflects a long-term structural shift in demand and supply dynamics. With tightening supply, strategic recognition by governments, and strong industrial usage, the metal is firmly positioned for its next leg higher toward ₹1,50,000/kg.

For investors, silver offers a rare blend of performance and protection—a hedge against uncertainty and a play on global industrial growth.