Anil Agarwal Bullish on Silver After 125% Rally, Outshining Gold

• Vedanta's Anil Agarwal is bullish on silver, stating it's entering a long-term structural upcycle after a 125% year-to-date rally, significantly outperforming gold's 63% rise.
• Silver's surge follows a rare short squeeze in October and is driven by its growing importance in technology-driven industries like solar cells and defense applications.
• Agarwal highlights silver's unique combination of intrinsic value and strong functional demand, predicting its "extraordinary shine is here to stay."
• Hindustan Zinc (HZL), India's sole silver producer and a Vedanta subsidiary, is directly benefiting from this trend, with silver contributing nearly 40% (Rs 1,060 crore) to its Q2 FY25 profit.
• HZL's silver revenue reached Rs 1,706 crore, marking a 10% quarter-on-quarter and 20% year-on-year increase, underscoring silver's increasing role in Vedanta's earnings.

Why It Matters: Anil Agarwal sees silver's 125% rally and industrial demand driving a long-term structural upcycle.