Silver Bulls See Price Hitting Rs 3 Lakh Mark Within Year
Silver prices have been volatile since reaching their highest level in January this year, but experts are now more bullish on silver than gold. The current price of silver is around Rs 2.5 lakh per kg, and some market experts believe it could move towards the Rs 3 lakh per kg level within a year.
Anuj Gupta, a SEBI-registered market expert, advises investors to consider a minimum investment horizon of one year when investing in silver. He notes that the white metal can touch the Rs 3 lakh per kg level within this period and suggests considering physical silver or silver ETFs for investments.
Ajay Kedia, Managing Director of Kedia Advisory, is even more optimistic about silver's prospects. He believes that silver could test Rs 3 lakh per kg within this year, with prices potentially reaching up to Rs 4.50 lakh per kg in the next year. According to him, rising demand from electric vehicles, artificial intelligence, and other industries could support silver prices.