As his bold predictions stir conversations among retail investors and market watchers, analysts back home are weighing in with their forecasts on whether silver prices will soon touch Rs 2 lakh.
The analysis is rooted in industrial demand, macroeconomic dynamics, and technical breakouts, especially after the white metal stands at its all-time high of Rs 1.09 lakh/kg.
While Kiyosaki’s views point toward a long-term bullish outlook, market experts in India broadly agree that silver is on an upward trajectory, supported by both structural and cyclical drivers.
Silver emerges as a dual-play: Industrial + Safe haven
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Jigar Trivedi, Senior Research Analyst – Currencies & Commodities at Reliance Securities, notes that “amid escalating geopolitical tensions and trade uncertainties, both gold and silver have surged, but silver is emerging as a strong contender.”
He explains that although gold remains a traditional safe haven, silver’s potential is being increasingly fueled by booming demand in industrial sectors such as electric vehicles (EVs) and solar energy.
He projects that COMEX silver may appreciate to $36–37 per ounce, while MCX silver could reach Rs 1,10,000 per kg within a month, supported by a weak dollar, strong industrial demand, and safe haven appeal.
Trivedi recommends a diversified allocation with 6–8% in gold and 12–15% in silver, adding that a balanced approach can help investors benefit from both stability and upside in 2025.
Bullish structural shift: From downtrend to potential all-time highs
Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, observes a structural turnaround in silver prices since their 2020 lows.
The white metal had remained in a downtrend from its 2011 peak of $49.50 (Rs 73,000) until March 2020, but has surged nearly 60% in the last two years, with prices moving from Rs 87,000 to Rs 1,04,500 in 2025 alone.
Also read: Commodity Radar: Gold faces caution ahead of Fed meet, but bullish trend intact. Key entry levels to watch
Trivedi highlights that “silver remains poised to test Rs 1,10,000–Rs 1,20,000 this year,” driven by robust demand from solar and EV sectors and heightened geopolitical tensions such as the Russia-Ukraine war. He maintains a bullish outlook, favoring a buy-on-dips strategy for investors looking to ride the next wave of silver’s upward momentum.
Multi-year breakout and long-term structural bull run
Naveen Mathur, Director – Commodities & Currencies at Anand Rathi Shares and Stock Brokers, points to a multi-year breakout in silver, with prices recently touching 13-year highs.
He notes that the rally seen last week was propelled by a combination of safe haven demand, trade uncertainties, and industrial buying.
“Silver looks set to outperform gold in the current year, especially in the second half of 2025,” Mathur said.
He forecasts that silver may trade in the range of $38.70–$41.50 per ounce, translating to Rs 1,15,000–Rs 1,23,000 per kg in the MCX futures market—a further upside of 15–18% from current levels.
Looking further ahead, Mathur suggests that silver could be entering a structural bull run, given that the market is running a deficit for the fifth consecutive year.
He anticipates new all-time highs in international markets at around $50 per ounce, equivalent to Rs 1,50,000–Rs 1,70,000 per kg in the next 3–5 years.
In conclusion
While Robert Kiyosaki’s projection that silver prices could double may seem ambitious, Indian analysts broadly validate the positive trajectory, albeit through gradual, data-backed milestones rather than speculative leaps.
With fundamentals such as industrial demand, geopolitical instability, and long-term supply deficits aligning, silver continues to command attention as both a defensive and growth-oriented asset class.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
