Silver has emerged as the standout performer in precious metals, delivering 135% gains over the past 12 months compared to just 53% growth for gold. The metal reached an all-time high of $122 per ounce in late January, building on its remarkable 167% surge from October 2025 lows at $45 to the current record levels. This performance has been driven by multiple factors including dollar weakness and safe-haven demand, positioning silver for continued upside momentum as market conditions remain favorable for precious metals.
Financial expert Robert Kiyosaki has significantly raised his silver price targets, predicting the metal could reach $110 per ounce in the near term. His March 2026 projections suggest silver will hit $200 per ounce within a year after the gold bubble pops, representing substantial upside from current levels. These predictions build on his earlier forecasts from 2024, when he projected gold and silver could eventually reach $15,000 and $110 per ounce respectively, with Bitcoin potentially reaching $10 million per coin. The current rally has already exceeded his initial gold projections, with gold hitting a record $5,602 per ounce in late January.
Silver prices continued their upward trajectory on Tuesday, rising 0.2% to $86.27 per ounce as investors monitored developments in West Asia and awaited key US inflation data. The latest rally has propelled silver weekly gains to 7.8%, significantly outperforming gold's 2.5% weekly advance. In the Indian market, silver futures on MCX extended gains, rising ₹12,235 per kg to reclaim the ₹2.65 lakh mark and touch an intraday high of ₹2,65,500 per kg. So far this week, the white metal has gained ₹13,500, demonstrating strong momentum in domestic markets as well.
According to Ruchit Thakur, Market Analyst at VT Markets, gold prices are currently being driven by a mix of safe-haven demand and macroeconomic pressures. He noted that central bank purchases, geopolitical uncertainty and higher oil prices continue to support bullion, while a stronger US dollar, elevated Treasury yields and expectations of prolonged higher interest rates are limiting gains. Sandip Raichura, CEO of Retail Broking and Distribution at PL Capital, emphasized that Gold ETFs remain a preferred investment avenue for investors seeking exposure to gold without holding the physical metal. He highlighted that government measures including import duties and promotion of Sovereign Gold Bonds were aimed at reducing excessive physical gold imports.
The latest rally has been driven by strengthening expectations that the US and Iran could finally seal an agreement to end the two-month-long conflict in West Asia. However, market sentiment remained cautious after Trump said a ceasefire proposal involving Iran was "on life support," indicating negotiations remain fragile. Investors are also watching Trump's scheduled China visit this week, where discussions with Xi are expected to cover geopolitical and economic issues. Oil prices moved higher in Asian trade, reflecting concerns over potential supply disruptions if regional tensions persist, while higher crude prices have added to inflation worries and led markets to reassess Federal Reserve rate cut expectations.
