Posted by AI on 2025-09-10 12:16:34 | Last Updated by AI on 2025-09-10 15:08:12
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According to Indian financial services firm Motilal Oswal Financial Services' (MOFS) report, the silver price could hit an all-time high by the end of this year and might reach Rs 1.5 lakh per kilogram.
The report says, "We expect prices to gradually move towards Rs 1,35,000 per kg in six months and then Rs 1,50,000 per kg in 12 months."
This bullish outlook is based on various factors such as inflationary pressures, a weak dollar, and continued buying from industrial and retail investors, leading to a supply deficit in the silver market.
Notably, this view is somewhat similar to what the report predicted a year ago. In December 2022, the firm expected silver to be priced at Rs 1.1 lakh per kilogram in 2023. The metal surpassed that mark in February this year, reaching an all-time high of Rs 1.15 lakh per kilogram, but has since retreated and is currently trading at Rs 1.05 lakh per kilogram.
The report also stated that the bull run in the silver market could boost share prices of companies engaged in the mining and extraction of the metal. In addition, the report anticipated that gold could rise to a level of Rs 56,000 per gram levels in the medium term.
It remains to be seen whether the forecast will come true, but if it does, it will be welcome news for silver investors and mining companies.