2025 was full of new assets toppling the markets all around. The global markets saw the rise of gold and silver as leading breakthrough assets of the year, with silver continuing ahead when it comes to gaining steady traction all around. That being said, the latest report by the Financial Times shared how India is leading the silver purchases, rivaling the US market, when it comes to silver usage and purchase.
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India Emerges As The Second Silver Consumer After the US
Per a recent report by the Silver Institute, India is the second silver investment market after the US, purchasing the majority of its silver in the form of bars. The report added how nearly 70% of Indian silver investment is conducted in the form of bars, as well as ETFs, which again is a trending concept gaining steady traction in the country.
Moreover, the recent market trends in the US have been shaping the silver price narratives as of late. The extended US shutdown, coupled with the Fed rate cut expectation,s has been fueling the demand for silver and gold, with silver emerging as another safe haven asset for the world to bank on.
“Gold and silver prices are attempting to establish a base before the next upleg rise, following confirmation of supporting factors, including massive layoffs and the US government shutdown.” Says Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of the India Bullion and Jewellers Association, and Chairman at the Jain International Trade Organisation. (As quoted by the Financial Times)
The Metals Price Breakthrough Ahead: Is Its Future Bright?
According to Rashad Hajiyev, silver is already tracing its next possible leg, aiming to regain the inverse neckline of its head and shoulder pattern.
Hajiyev predicts silver to hit $53 in the short run, with a bullish angle targeting $64 in the near future.
“Gold to silver ratio’s immediate support comes at 72 – 74 level at the lower band of the descending 7-month channel. With projected gold price around $4,600 and GTS 72 – 74, I would expect silver price around $62 – 64 on the next advancing cycle…”
Also Read: BofA Turns Bullish: Gold Price $5,000, Silver Targets $65