Silver Price Shock: Could it Hit 10 Lakhs Per KG by 2026? Experts Weigh In

• Bank of America strategist Michael Widmer predicts silver could reach 10 lakh rupees per kilogram in India by 2026 under a 'high case' scenario.
• Current market prices show a slight decline, with silver at approximately 2.45 lakh rupees per kilogram.
• Key drivers for potential price surge include supply shortage, increased industrial demand from solar panels and EVs, and large investor interest.
• The 10 lakh price point is calculated based on silver reaching $309 per ounce globally, plus import duties, GST, and making charges.
• This is an 'extreme' estimate; other scenarios predict prices of 4.40 lakh (base case) and 6.50 lakh (mid case) per kilogram.