Silver to hit 10 Lakh? BofA Predicts Historic Price Surge by 2026

• Bank of America (BofA) strategist Michael Widmer forecasts silver prices could reach 10 lakh rupees per kilogram by 2026.
• This 'high case' estimate suggests silver could become more expensive than gold, creating both opportunity and risk for investors.
• Current market trends show a slight decline in both gold and silver prices, with silver at approximately 2.45 lakh rupees per kilogram.
• Key drivers for the potential surge include supply shortages, increased industrial demand from solar panels and EVs, and interest from large investors.
• The 10 lakh rupee price point factors in an international price of 309 USD per ounce, plus import duties, GST, and making charges.