Silver to perform better than gold, with returns of more than 40 percent as of last year
New Delhi| In the case of gold and silver, commodity experts believe that considering the current rise in gold, global uncertainty and industrial demand, the performance of silver will be better than gold in the medium to long term. Compared to Dhanteras last year, silver has been ahead of gold in terms of giving returns. In this period, silver has given a return of 40.5 percent, while gold has made about 34 percent profit. Ajay Kedia, director of Kedia Advisory, said, sentiment regarding silver is strong for the next two-three years. Silver could cross $70 an ounce in the global market in two-three years due to declining supply, rising industrial demand from sectors like photovoltaics and e-vehicles and tensions in many countries.
Talking about the next one year, MCX silver could touch the level of 1.30 lakh, while gold could reach close to 85,000. There will be a good rise in gold in the near future, but investors may exercise caution in the second half of 2025, Kedia said. The shine of silver is also increasing due to the rise in gold. The sales figures of gold and silver during Dhanteras and Diwali are also confirming this. Suresh Mehta, general secretary of the Indian Boolean and Jewelers Association (IBJA), says that this is the first time in the history of the country that silver overtook gold in terms of sales during Dhanteras. Rising gold prices dampened the excitement of traditional shopping. Due to this, consumers and investors turned towards silver. Mehta said, due to high prices, gold sales declined by about 15 percent on an annual basis this festive season. In contrast, silver sales have seen a 30-35 per cent pick-up.
Looking at the figures of one year, the performance of silver has been impressive. Over the next 12-15 months silver could either catch up with or outperform gold on the return front. In this period, silver can reach 1.25 lakhs on MCX and 40 dollars on Comex.
