SILVER INDUSTRY OUTLOOK 2025-26: BALANCING DEMAND-SUPPLY EQUILIBRIUM
- Credit Rating Agency in India
- Industry Report
- SILVER INDUSTRY OUTLOOK 2025-26: BALANCING DEMAND-SUPPLY EQUILIBRIUM
In 2025, silver has dramatically outperformed Indian equities, soaring 59% compared to gold’s 47% and Nifty50’s mere 4% rise, driven by strong industrial demand, recurring global supply deficits, central bank diversification, and investor interest. But, with valuations in equities now attractive, foreign outflows reversing, and earnings showing signs of recovery, experts suggest a potential reversal where Indian stocks could regain momentum while silver may enter a consolidation phase. Thus, while silver remains supported by structural demand and constrained supply, caution is advised at elevated levels, as the comparative risk-reward equation could tilt back toward equities.