Silver Price Surge: Experts Predict 10 Lakh Rupee Mark by 2026, Middle Class Brace for Impact

• Experts predict silver prices could hit 10 lakh rupees per kilogram by 2026, posing a significant challenge for the middle class.
• Bank of America's Michael Widmer forecasts prices between $135 to $309 per ounce by 2026, driven by supply-demand disparity.
• Increased use of silver in EVs and solar panels is contributing to rising demand.
• Despite a recent dip, the long-term outlook suggests a substantial increase, with a highest bid scenario reaching ₹10,05,000/kg.
• The price calculation involves converting USD/oz to INR/kg, adding import duty, GST, and local premiums.