Silver’s rally in 2025 reaffirmed its reputation for momentum-driven moves. Now, this sky-rocketing of value of the metal is also paired with volatility and corrections in prices.

“Corrections of 28% to 30% cannot be ruled out, particularly if ETF-driven demand weakens,” according to Kedia Advisory. Despite this, silver carries 20% to 25% upside potential for 2026, with MCX rates seen in the Rs 2,45,000 to Rs 2,50,000 range and global prices around $72.5 to $74 an ounce.

Structurally, silver’s role as a “digital-age metal” is strengthening, supported by industrial demand from clean energy, solar, data centres, and electrification.

Both gold and silver are metals that offer the benefits of portfolio diversification, but the path ahead will be volatile.

“Investors should continue to hold gold and add exposure in a disciplined manner,” the analyst emphasised. Experts advise holding gold for stability and adding silver selectively for growth, while avoiding FOMO-driven bets.