The BRICS TimesIn recent times, silver has not only mirrored gold’s rally but also touched record highs. Amid this surge, leading brokerage firm Motilal Oswal has made a major prediction about silver and revealed its price target.
Silver Stuns Investors in 2025
In 2025, silver has delivered an extraordinary surprise to investors. So far, it has surged nearly 37%, and market analysts believe the rally is far from over. Silver is not just a precious metal but also a critical industrial resource, which enhances its role as a reliable long-term investment option.
Motilal Oswal’s Bold Target
Top brokerage house Motilal Oswal Financial Services expects silver to climb up to ₹1,50,000 in the coming period. This forecast indicates a potential rise of about 20% from its current levels, reflecting strong investor confidence in the metal’s future growth.
Strong Global Support Behind the Rally
Motilal Oswal explains that silver’s upward trend is not limited to India but is evident worldwide. The rally is driven by growing global uncertainties, along with soaring demand from industries such as solar power and electric vehicles. Adding momentum to this growth, the United States has officially listed silver as a critical mineral, which could accelerate government and institutional purchases.
Why Prices May Keep Rising
For the past five years, global silver supply has remained below demand levels. At the same time, the gold-to-silver ratio stands at 87, far higher than the historical average of 60. This gap indicates that silver still holds considerable value and has a strong upside potential compared to gold.
What Investors Should Do Now
According to Motilal Oswal, investors should adopt a “buy on dips” strategy. The firm suggests gradually increasing investments whenever prices correct slightly. Over the next 12 to 15 months, silver could emerge as a robust asset that offers attractive returns.
New Record on MCX
Recently, silver prices on MCX touched an all-time high of ₹1,26,730 before consolidating near ₹1,24,900. Experts believe the next milestones could be ₹1,35,000 and eventually ₹1,50,000, provided the USD-INR exchange rate stays close to 88.5. On the international COMEX platform, silver may reach $45 to $50, which would mark a significant breakout.
Solar Power and Industrial Demand Fuel Growth
Nearly 60% of silver demand now comes from industrial applications, with solar panels being the largest contributor. The solar sector alone accounts for around 17% of overall demand. China, a leader in solar energy, plays a crucial role here. With its GDP stable, China’s solar module exports reached 127 gigawatts in the first half of 2025, creating massive demand for silver consumption.
Institutional Investments and ETF Participation
Silver has moved beyond retail interest, attracting attention from major institutions and central banks. Recently, Saudi Arabia’s central bank invested $40 million in a silver ETF, signaling a shift in institutional trust. In India too, imports of silver have already crossed 3,000 tonnes this year, underscoring the rising confidence of investors in this precious-turned-industrial metal.
