Silver Price Soars: Will it Hit Rs 7 Lakh Per Kg by 2026? Experts Weigh In

• Silver price in India has reached the Rs. 4 lakh mark per kilogram for the first time, with a significant increase of Rs. 1,44,000 in Hyderabad in 28 days.
• Key drivers for the price surge include political pressures, demand-supply imbalance, poor economic conditions, and strong industrial demand from solar, EV, AI/data centers, and electronics.
• Silver is also gaining traction as a safe-haven investment and a hedge against inflation, according to Enrich Money CEO Ponmudi R.
• Financial author Robert Kiyosaki highlights silver's critical importance in the technology age, comparing it to iron in the industrial age, and predicts its value could reach $200 per ounce.
• Globally, precious metals are reaching record levels due to strong safe-haven demand, low global supply, political instabilities, and a weak rupee.

Why It Matters: Silver prices are surging due to industrial demand, safe-haven appeal, and global economic factors, with predictions of reaching Rs 7 lakh per kg by 2026.