Silver Price Outlook: Future is bright with Rs.3.25 lk/kg target in sight? Expert explains what could trigger next spark
Silver price outlook, Sept. 23 -- Silver prices could be heading towards Rs.3.25 lakh per kg if the right combination of global factors falls into place, according to commodity-market experts. With silver currently trading around the mid-$60s per ounce ( Rs.2.40 lakh/kg), the key question for investors is what could push the precious metal towards the higher end of its expected range.
A softer inflation outlook, eventual Federal Reserve rate cuts and a weaker US Dollar could provide the trigger for the next leg higher, while strong industrial demand from solar, electric vehicles and data centres continues to offer fundamental support.
The near-term outlook remains volatile rather than pointing towards a smooth upward move.
N S Ramaswam...
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