Silver to hit 10 lakh per kg? BofA strategist predicts historic surge by 2026

• Bank of America (BofA) commodity strategist Michael Widmer predicts silver prices could reach 10 lakh rupees per kilogram by 2026 in a 'high case' scenario.
• Current market prices show 24-carat gold at approximately 1.54 lakh rupees per 10 grams and silver at 2.45 lakh rupees per kilogram.
• Key drivers for the potential surge include supply shortages, increasing use in new technologies like solar panels and EVs, and potential large investor interest.
• The 10 lakh price point is calculated based on silver reaching $309 per ounce globally, plus import duties, GST, and making charges in India.
• This 10 lakh estimate is an 'extreme' high case; other scenarios predict prices up to 4.40 lakh (base case) and 6.50 lakh (mid case) per kg.