Silver Set for Potential Rebound Amid Strong Industrial Demand
Silver prices have seen a sharp correction in recent times, but analysts believe the long-term outlook remains supported. Ajay Kedia, MD & Director of Kedia Advisory, points out that silver's industrial demand and persistent supply deficits continue to be strong drivers for its value.
Kedia highlights rising demand from electric vehicles (EVs), solar panels, and data centers as key factors contributing to silver's growing importance. He also notes the metal's critical role in various industries beyond just jewelry making, which is a more traditional association with gold.
The MD expects silver to potentially outperform gold if industrial demand remains strong and geopolitical tensions ease. Key support levels will be crucial for silver prices to move towards ₹3 lakh by year-end, according to Kedia's analysis.