‘Selloff in silver over’:Experts see prices at ₹3 lakh per kg by next Diwali, gold at ₹1.80 lakh per 10 gm

As Dhanteras 2026 approaches, Indian households are thinking of the age-old tradition of buying precious metals. Gold has traditionally been the default choice for festive wealth creation. But these days, one metal that is really hogging the limelight is silver. No longer just an affordable alternative to gold, barring the recent crash in prices, silver has rapidly positioning itself as a modern, high-potential investment asset. Silver plays a unique double role in the global economy. It is both a precious metal used in jewellery and an indispensable industrial commodity. According to VMPL, and as cited by ANI, today, silver is officially recognised as the “green metal” because it powers key technologies driving the global energy transition: Solar Energy: Photovoltaic solar panels require significant amounts of silver due to its unmatched electrical conductivity. Electric Vehicles (EVs): EVs use nearly twice as much silver as conventional internal combustion engine vehicles for electronic components, sensors, and battery management systems. 5G Infrastructure: Telecommunication networks require silver contacts for stable signal transmission. Because global industrial demand continues to outstrip mine supply, silver is no longer just a hedge against inflation—it has become a structural growth asset. But watchout silver is also known as Devil’s Metal because of its volatile nature In financial markets, silver has earned the historic nickname “Devil’s Metal.” Traders gave it this title because of its extreme price volatility. Because the silver market is much smaller in size than the gold market, even small shifts in supply, industrial demand, or investor sentiment can cause massive price swings in either direction. While this volatility can make short-term trading tricky, it offers long-term investors significant upside potential when structural demand rises. Expert views on silver gold: Top market experts expect both gold and silver to see remarkable price momentum over the coming year. According to renowned bullion expert Amit Kedia, Founder of Kedia Advisory, precious metals can generate decent returns in one year from here. Kedia projects an ambitious price target of ₹1,80,000 per 10 grams for gold and ₹3,00,000 per kg for silver by next Diwali. Market strategist Arun Mantri, Founder of Mantri Finmart, also points to strong underlying fundamentals for commodity-backed assets, urging investors to use tactical pullbacks as buying opportunities, although his view is only for the near term. If we look at the chart, silver is near a good support zone. Overall momentum seems to be neutral. Silver prices can cross ₹2.10 lakh per kg to 2.15 lakh per kg in its next rally. – Arun Mantri, Founder of Mantri Finmart While Colin Shah, Managing Director of Kama Jewellery, said to ANI that gold prices may resume their upward journey after moderation seen in the recent weeks, citing continuing global uncertainty and movements in the US dollar and interest rates. Anindya Banerjee, Head of Commodities Research at Kotak Neo is also of the view that silver prices could test ₹2,05,000–₹2,10,000 per kg level soon, according to ANI. According to the India Bullion and Jewellers Association (IBJA), 10 grams of 24-karat gold was quoted at nearly ₹1.44 lakh. While, one kilogram of silver was priced at ₹1.88 lakh on Thursday, 5 November, 2026. Silver down ₹42,000 this year Silver has witnessed continuous price volatility this year. So far in 2026, silver has dropped by ₹42,000 per kg. On December 31, 2025, the white metal had stood at ₹2.30 lakh per kg. Notably, the first cousin of gold had hit all-time high earlier this year on January 29, when the white metal reached ₹3.86 lakh per kg in physical market. Physical vs ETF vs FOF: Ways to invest Before adding silver to your financial plan, it helps to understand how different formats compare: Disclaimer: This article is for informational purposes only. The opinions and advice given above are those of individual analysts or broking companies, not of Bhaskar English or Dainik Bhaskar. We advise investors to consult certified experts before making any investment decisions.