Should you buy silver at record highs of ₹2 lakh/kg:Experts predict massive gains long term, see silver prices at ₹3 lakh/kg mark, indicating 50% more upside from current levels

Silver prices have more than doubled this year to ₹2,00,067 per kg on Friday, 20 December 2025 from ₹86,017 per kg on Tuesday, 31 December, 2024. The rates are up ₹1,14,050 per unit or 132% during this period. Is it time for retail investors to book profit from their investments in the white metal or should they hold on to their positions? Lets see what commodity experts say! According to Aditya Modak, CFO of P.N. Gadgil Sons, there is no real reason to expect a sharp crash in silver right now. He expects the white metal to retain its current price level of around ₹2 lakh per kg. Don’t postpone buying wedding jewellery, buy it as prices are expected to only rise: Expert While, for those who want to buy jewellery for the wedding season but haven’t yet bought one thinking that the prices may drop, Modak advises such people to not wait any more as prices may only escalate going forward. Aditya Modak, CFO of P.N. Gadgil Sons says If you’re holding off on buying wedding jewelry because you’re waiting for a massive price drop, I wouldn’t recommend it; a huge correction in the 20% to 25% range just doesn’t seem likely right now. Of course, the market is always a bit unpredictable, but there aren’t any major red flags suggesting a big downward trend at the moment. Silver can hit ₹3 lakh mark in coming times According to both Kedia and Modak, given the scarcity of the white metal, the rate of gold’s cousin (silver) can still rise from current levels and eventually hit the ₹3 lakh mark in the very long term. All the global shifts we’re seeing right now point toward silver potentially hitting $100 an ounce—which, at today’s exchange rate, would mean around ₹2.70 to ₹3 lakh here in India. – Aditya Modak, CFO of P.N. Gadgil Sons Echoing him, ace commodity investor, Ajay Kedia of Kedia Advisory also says that the ‘digital-age metal’ can rise up to $100 per ounce from the current $66 per ounce in the international market. Silver’s growing role as a “digital-age metal” strengthens its long-term case, with USD 100 remaining a realistic long-term target if supply constraints persist. – Ajay Kedia of Kedia Advisory Albeit, Kedia has alerted investors against a crash in the white metal prices citing fall in ETF demand and historical patterns. Corrections of 28–30% cannot be ruled out, particularly if ETF-driven investment demand weakens amid better opportunities elsewhere. – Ajay Kedia Can rally in copper, aluminium and platinum lead to profit booking in silver? Kedia says yes. According to him, there are chances that silver may witness a correction in the near term if demand for ETFs weakens and shifts to alternatives like copper, aluminium, platinum, etc. History suggests silver prices can crash in 2026: According to Kedia, historical patterns suggest that crashes followed such sharp rallies in the white metal. This happened in 1980 and 2011. Silver ETFs – retail investors’ favourite investment mode In 2025, the Silver ETFs have attracted quite a lot of traction from the retail investors.
Should investors book profit in Silver ETFs? According to Modak, retail investors can book a profit in silver ETFs if they are sitting on a sizeable profit. His rationale is that the white metal prices can hover around current levels in the short term. But his advice is only for such investorts. Long term players can keep sitting on the profits made to cash in on the next leg of rally. ​