In today’s era of geopolitical tension, if any investment option has attracted the most attention of investors, it is gold and silver. Amidst the ongoing international turmoil, uncertainty in the global economy, and layoffs in big companies, where the stock market is witnessing ups and downs, gold and silver are shining even brighter. However, market experts believe that the real game is yet to come, and this will be clearly visible in the times to come, especially in the silver market.
Why is silver better than gold?
Famous financial writer Robert Kiyosaki has also made a big claim about silver. Posting on the social media platform ‘X’, he said that in today’s technological era, silver has become more important than gold. According to Kiyosaki, both gold and silver have been used as currency for centuries, but today silver is playing a role like iron in the industrial age. That is, silver is no longer just a precious metal, but is becoming the backbone of modern technology.
Referring to the long-term changes in silver prices, he said that in 1990 silver was selling for about $5 per ounce, while by 2026 it would increase to about $92 per ounce. Kiyosaki believes that there may be a huge boom in it in the future. He predicted that although his estimate may be wrong, it is very likely that silver prices will reach $200 an ounce in 2026.
What are the reasons for the increase in silver prices?
Many important reasons are being given for this rise in silver prices. Investors all over the world are adopting it more as a safe-haven investment. Additionally, the supply of silver is becoming limited, while its demand in solar panels, electric vehicles, AI servers, and other modern technological sectors continues to increase. Geopolitical uncertainty, atmosphere of fear in the global market and weakening Indian rupee are also playing an important role in increasing the prices of silver.
At present, silver has reached around $95 per ounce in the international market, while its price in the domestic market has reached the level of ₹3.34 lakh per kg. The special thing is that the prices of silver have been increasing continuously for the last nine days. Meanwhile, gold prices also remain at record levels. On MCX, the price of 24-carat gold has crossed ₹1.51 lakh per 10 gram, and experts believe it may strengthen further. This has increased the discussion among investors that in the coming days, silver may prove to be a more attractive investment option than gold.
