Anil Agarwal: Silver Rally 'Just the Beginning' with 125% YTD Surge

• Vedanta Chairman Anil Agarwal believes the silver rally is just starting, driven by its dual role as a precious and industrial commodity.
• Silver has surged 125% in US dollar terms this year, significantly outperforming gold's 63% gain.
• Agarwal attributes the rally to silver's growing functional use in solar energy, defense, and emerging technologies, alongside its traditional store-of-value role.
• Increased industrial relevance and constrained supply (as a by-product of zinc/lead mining) are key drivers.
• Silver is trading at all-time highs globally, supported by investor interest and monetary easing expectations.

Why It Matters: Anil Agarwal sees silver's 125% surge as a structural shift, not short-term, due to dual demand.