Motilal Oswal Financial Services Ltd. (MOFSL) expects silver prices to reach Rs 2,40,000 per kg by the end of 2026, describing the rally as a structural bull market rather than a speculative cycle. In its report “Silver 2030 – The Unprecedented Rise”, MOFSL noted that silver is undergoing a historic structural revaluation, driven by a combination of rising industrial demand and strong investment momentum. The white metal’s price surge reflects fundamental factors, with demand growth outpacing supply for several years. Advertisement

In October 2025, silver crossed $51.30 per ounce, up more than 70 per cent year-to-date, reaching a 14-year high. Unlike the speculative rallies seen in 1980 and 2011, the current uptrend is underpinned by robust fundamentals. Industrial demand now accounts fo

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