Silver Prices Soar 160% in 2025: Motilal Oswal Reveals Future Strategy Amid Supply Crisis

• Silver prices surged over 160% in 2025, with COMEX crossing $75/ounce and domestic prices ₹2.3 lakh/kg.
• Motilal Oswal attributes the rally to a structural shift, driven by a five-year physical supply deficit and dwindling exchange stocks.
• COMEX and Shanghai Exchange saw continuous stock declines; Shanghai's physical inventory hit a ten-year low.
• China's crucial role as a refiner and importer, alongside potential export restrictions, is tightening global supply.
• A 'vault drain crisis' at COMEX in late 2025 highlighted the disparity between futures contracts and available physical silver.

Why It Matters: Motilal Oswal highlights silver's 160% surge in 2025, driven by a structural supply shortage.