Renowned author and investor Robert Kiyosaki has stirred significant interest in the financial markets with his bold prediction that silver prices will double from current levels. Citing strong fundamentals and rising global uncertainty, Kiyosaki’s assertions have ignited discussions among retail investors and market watchers alike. As silver currently stands at an all-time high of Rs 1.09 lakh/kg, analysts in India are weighing in on whether the precious metal could soon touch Rs 2 lakh.
The Fundamentals Behind Silver’s Potential
Kiyosaki’s optimistic outlook is rooted in a confluence of factors, including industrial demand, macroeconomic dynamics, and technical breakouts. Analysts broadly agree that silver is on an upward trajectory, supported by both structural and cyclical drivers.
Silver: A Dual-Play Asset
Jigar Trivedi, Senior Research Analyst at Reliance Securities, emphasizes that silver is emerging as a strong contender amid escalating geopolitical tensions and trade uncertainties. While gold has traditionally been viewed as a safe haven, silver’s potential is increasingly fueled by booming demand in industrial sectors such as electric vehicles (EVs) and solar energy.
Trivedi projects that COMEX silver may appreciate to $36–37 per ounce, while MCX silver could reach Rs 1,10,000 per kg within a month. This forecast is bolstered by a weak dollar, strong industrial demand, and silver’s appeal as a safe haven. He recommends a diversified allocation strategy, suggesting that investors consider holding 6–8% in gold and 12–15% in silver to benefit from both stability and upside in 2025.
A Structural Shift in Silver Prices
Jateen Trivedi, VP Research Analyst at LKP Securities, notes a significant structural turnaround in silver prices since their lows in 2020. After remaining in a downtrend from its 2011 peak of $49.50 (Rs 73,000) until March 2020, silver has surged nearly 60% over the last two years, with prices moving from Rs 87,000 to Rs 1,04,500 in 2025 alone.
He highlights that silver is poised to test Rs 1,10,000–Rs 1,20,000 this year, driven by robust demand from solar and EV sectors, as well as heightened geopolitical tensions, such as the ongoing Russia-Ukraine conflict. Jateen advocates a buy-on-dips strategy for investors looking to capitalize on silver’s upward momentum.
Long-Term Bullish Outlook
Naveen Mathur, Director of Commodities & Currencies at Anand Rathi Shares and Stock Brokers, points to a multi-year breakout in silver, with prices recently touching 13-year highs. He attributes the recent rally to a combination of safe haven demand, trade uncertainties, and industrial buying.
Mathur forecasts that silver may trade in the range of $38.70–$41.50 per ounce, translating to Rs 1,15,000–Rs 1,23,000 per kg in the MCX futures market—a potential upside of 15–18% from current levels. He believes silver could be entering a structural bull run, especially given that the market has been running a deficit for five consecutive years. Looking further ahead, Mathur anticipates new all-time highs in international markets at around $50 per ounce, which could equate to Rs 1,50,000–Rs 1,70,000 per kg in the next 3–5 years.
Conclusion
While Robert Kiyosaki’s projection that silver prices could double may seem ambitious, Indian analysts broadly validate the positive trajectory of silver, albeit through gradual, data-backed milestones rather than speculative leaps. With fundamentals such as industrial demand, geopolitical instability, and long-term supply deficits aligning, silver continues to command attention as both a defensive and growth-oriented asset class.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own and do not represent the views of The Economic Times.)
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