Less than a year ago, silver was selling for around Rs 1,10,000 per kilo. Within a year, buyers are shelling out over Rs 1,70,000 per kilo. Just a couple of days ago, the rates of silver per kg were over Rs 2 lakh in south India. This was the first time silver had reached this peak, not just in India but globally.
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The price correction, as reported by India Today Digital, might have begun, with silver rates dropping by Rs 7,000 just a day after Dhanteras. But the big picture, according to a experts and a report by Motilal Oswal Financial Services Limited (MOFSL), points to a bull market that could last till 2030.
Silver's rise in this year, up by 98% year-on-year, has prompted many to ask whether it is another speculative bubble like 1980 or 2011, when the prices of silver cra
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