Motilal Oswal predicts MCX silver prices will reach ₹3.20 lakh in 2026, offering 28% upside from current ₹2.50 lakh levels after a 170% rally in 2025 from ₹90,000. The forecast is driven by a multi-year supercycle fueled by surging industrial demand in solar, EVs, and energy transition, alongside supply deficits, ETF inflows, and safe-haven buying.
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