Brokerage houses are turning increasingly bullish on silver for 2026. Over the past one year, silver has delivered a strong rally of nearly 170%, supported further by rising geopolitical tensions. Leading domestic brokerages like Motilal Oswal and ICICI Direct have released fresh targets for the metal. Motilal Oswal believes silver still has strong upside potential and may cross ₹3,20,000 in 2026, around 30% higher than current levels. The rally is driven by rising industrial demand in 2025, clean energy adoption, electric vehicles and electrification projects. Limited mining activity and declining ore quality have tightened supply, keeping prices elevated. ICICI Direct also expects higher levels in 2026 but warns of intermittent volatility due to profit booking. Investors are advised to buy on dips, as the long-term trend remains positive.
Silver will rise in 2026. Expert Analysis of Motilal Oswal and ICICI Direct. Money Live | Silver Rally in 2026 Expert Analysis by Motilal Oswal & ICICI Direct
