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Silver record rally: White metal enters multi-bagger zone in 2025 with 103% return; can momentum carry it beyond Rs 1.85 lakh next?

Silver's remarkable 2025 rally has propelled it to unprecedented levels, surpassing gold and most stocks with a 103% return. Analysts anticipate further gains, with domestic prices potentially reaching Rs 1.85 lakh per kg. This surge is fueled by expectations of US Federal Reserve rate cuts, a weakening dollar, and robust industrial demand, alongside a depreciating rupee.