Silver Skyrockets: Prophecy or Market Forces Driving Record Prices?

Business
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News18•08-01-2026, 07:38
Silver Skyrockets: Prophecy or Market Forces Driving Record Prices?
- •Silver prices surged over 147% in 2025, reaching record levels in early 2026, with 1 kg costing over ₹2 lakh in India and $77-81 per ounce internationally.
- •The sharp rise fuels public discussion about Sri Potuluri Veerabrahmendra Swamy's Kalagnanam, which some believe predicts silver surpassing gold in Kali Yuga.
- •Industrial demand from solar panels, EVs, electronics, and 5G technology, coupled with mining supply deficits, are key drivers of the price increase.
- •Experts forecast silver prices to exceed $100, potentially reaching $150-$225, though surpassing gold's price is considered a distant prospect.
- •Investors are advised caution due to market volatility, economic policies, and geopolitical risks, despite silver presenting a good investment opportunity.
Why It Matters: Silver prices are soaring due to industrial demand, sparking prophecy discussions, but surpassing gold remains unlikely.
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