Silver Prices to Soar: Citi Predicts $150/Ounce in 3 Months Amidst Strong Rally

• Citigroup Inc. forecasts spot silver prices could reach $150 per ounce (₹13,730 per ounce) within the next three months.
• The current rally in silver is expected to continue, potentially pushing one kilogram of silver to ₹4,41,800.
• Silver has seen record growth, climbing nearly 50% in January alone, marking its strongest start to the year in decades.
• Strong purchases from China and the need for higher prices to incentivize existing investors to sell are driving factors.
• Silver is behaving like 'gold squared' or 'gold on steroids,' with its surge impacting the ETF market significantly.

Why It Matters: Citi predicts a significant surge in silver prices to $150/ounce in 3 months due to strong demand and market dynamics.