Silver Outlook : Silver hit Rs.1,26,000 on MCX, $41.40 global by Amit Gupta, Kedia Advisory
Below the Silver Outlook by Amit Gupta, Kedia Advisory
Silver prices surged to a record high of Rs.1,26,000 on MCX, while international prices touched $41.40, marking their strongest levels since 2011. Gains were fueled by expectations of a U.S. Federal Reserve rate cut after soft labor market data, alongside firm industrial demand driven by China’s solar boom and steady Indian imports. Strong inflows into silver ETPs and resilient retail investment also lent support.
However, caution is advised against fresh buying at current levels due to an unfavorable risk-reward ratio as prices already rallied nearly 50% YoY. While further gains toward Rs.1,30,000 cannot be ruled out, sustained highs appear unlikely. A correction of 8–10% is possible if Fed policy disappoints or industrial momentum eases.
Six-month range: Rs.1,05,000–Rs.1,30,000
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